5390 SE 29TH PL new Save Request In-Person Tour Request Virtual Tour
Ocala,FL 34480
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,417 sqft
Price per Sqft $175
Subdivision Greenfields Un #1
MLS Listing ID TB8334767
HOA Fees $45/mo
HOA Y/N Yes
Originating Board Stellar MLS
Year Built 1985
Annual Tax Amount $5,400
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 100x110
Property Description
Welcome to an exceptional investment opportunity in a prime location of Ocala! This fully renovated quadplex features four identical 2-bedroom, 2-bathroom units, each thoughtfully designed with quality finishes and modern upgrades. Each unit boasts a spacious layout, contemporary kitchens with stainless steel appliances, stylish bathrooms, and in-unit laundry. All four units are currently occupied with tenants on one-year leases, ensuring immediate income for the next owner. Investors will be impressed by the financial performance of this property, offering a remarkable monthly rental income of $5,700 and an annual income of $68,400. Operating expenses are minimal, with landscaping at $60 per month, trash removal at $50 per month, and a low HOA fee of $45 per month. This turnkey property provides excellent cash flow and significant long-term appreciation potential. To respect tenant privacy, tours will be conducted only during the inspection period with a signed contract. 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 Greenfields Un #1
Zoning R3
Interior
Interior Features Other
Heating Other
Cooling Other
Fireplace false
Laundry Other
Exterior
Exterior Feature Other
Utilities Available Other
Roof Type Other
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Other
Water See Remarks
Structure Type Concrete
New Construction false
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Monthly Total Fees $45
Acceptable Financing Cash,Conventional,FHA,VA Loan
Membership Fee Required Required
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition None