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 Virtual Tour

$ 650,000

Est. payment | -/mo

Save Virtual Tour

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

Virtual Tour https://www.propertypanorama.com/instaview/stellar/OM709865

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