Active

$475,000

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 2695 sq ft
Overview
  • ID: MFRTB8498558
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 2695 sq ft
Property Details
Remarks
Income-producing 4-unit multifamily property with strong cash flow and value-add potential in Ocala. This property features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, offering flexibility and consistent rental demand. One unit has been renovated with updated kitchen, bathroom, and vinyl flooring, while the remaining units provide an excellent opportunity for future upgrades and increased rental income. Major updates include a NEW ROOF (2025) and ongoing maintenance, with landscaping serviced weekly. All units are currently rented, providing immediate income. Tenant-paid utilities include electricity, sewer, and trash, with owner only responsible for water (approximately $120/month), helping maximize net returns. Lease structure offers both stability and upside, with two long-term leases in place and additional opportunity to adjust rents as units turn. Section 8 tenants in place provide consistent and reliable income. NO HOA. Ideal for investors seeking a stabilized asset with immediate cash flow and the ability to further increase returns through strategic improvements.
Financial Considerations
Price:
$475,000
HOA Fee:
N/A
Tax Amount:
$4884.98
Price per SqFt:
$176.25
Tax Legal Description:
SEC 05 TWP 15 RGE 22 PLAT BOOK T PAGE 070 NORTH ROADS PARK LOT 12
Exterior Features
Lot Size:
10019
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
Central
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1981
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Private Entrance
Additional Features 2:
N/A
Map
  • Address
    34 NW 21ST PL
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 449,900
avt
Daniel Dourado
$ 550,000
avt
Daniel Dourado
$ 2,500,000
avt
Daniel Dourado
$ 700,000
avt
Daniel Dourado
$ 1,799,999
avt
Daniel Dourado
$ 4,999,999
avt
Daniel Dourado
$ 1,195,000
img
  • Featured
  • Active
Quadruplex

201 ARIANA ST #1, 2, 3, 4

  • 4
  • 4
  • 243 m²
avt
Daniel Dourado
$ 649,900
avt
Daniel Dourado
$ 3,600,000
avt
Daniel Dourado
$ 389,900
avt
Daniel Dourado
$ 2,300,000
avt
Daniel Dourado
$ 695,000