Homes for sale - 1023 NE 2ND ST #1, Ocala, FL 34470

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Didem Hanley

homesbydidem@gmail.com +1(407) 716-0151

Listed by ENGEL & VOLKERS OCALA

$ 650,000

Est. payment | -/mo

4,020 SqFt

Save

$ 650,000

Est. payment | -/mo

Save

4,020 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,020 sqft

Price per Sqft $161

Subdivision Oak Park Caldwells Add

MLS Listing ID OM709865

HOA Y/N No

Year Built 1978

Annual Tax Amount $9,113

Lot Size 0.350 Acres

Acres 0.35

Lot Dimensions 200x77

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

Welcome to an exceptional investment opportunity only a mile from Downtown Ocala! This renovated quadplex features four identical 2-bedroom, 1.5-bathroom units, each thoughtfully designed with quality finishes and modern upgrades. Each unit boasts a spacious layout, low maintenance kitchens with stainless steel appliances, stylish bathrooms, and in-unit laundry. Investors will be impressed by the financial performance of this property, offering a remarkable monthly rental income of $1,500/unit and an annual income of $72,000. One unit is currently used as an Airbnb and in 2024 produced $33,000, raising the potential income of the total property to $130,000+. Three units are currently vacant due to FULL REMODELS. Operating expenses are minimal, with landscaping at $100/mo and no other regular expenses. This property provides excellent cash flow and significant long-term appreciation potential. Preapproval or proof of funds is required. Don't miss the opportunity to own this profitable and low-maintenance investment in a highly desirable area!

Location

State FL

County Marion

Community Oak Park Caldwells Add

Area 34470 - Ocala

Zoning R3

Interior

Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, PrimaryBedroom Upstairs

Heating Central

Cooling Central Air

Fireplace false

Laundry Inside

Exterior

Exterior Feature Fence

Utilities Available BB/HS Internet Available, Cable Available, Electricity Available, Electricity Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Find out why customers are choosing LPT Realty to meet their real estate needs!!

+1(407) 716-0151

homesbydidem@gmail.com

125 S Swoope Ave, Maitland

1023 NE 2ND ST #1 Ocala, FL 34470