Income-producing four-unit multifamily property with value-add potential in Ocala. The property features two 2-bedroom/1-bath units and two 1-bedroom/1-bath units. Unit #34: Approximately 70% remodeled and leased for $980 per month; lease began September 1, 2026 Unit #36: Vacant and fully remodeled Unit #38: Approximately 70% remodeled and leased for $1,250 per month; lease began March 1, 2025 Unit #40: Currently being remodeled Major improvements include a NEW ROOF completed in 2025, continued property maintenance and weekly landscaping service. Tenants pay electricity, sewer and trash, while the owner pays water, averaging approximately $120 per month. No HOA. An excellent opportunity for current rental income with additional upside through completed renovations, leasing the vacant units and future rent adjustments. Some photos have been virtually staged for illustrative purposes.
| MLS # | TB8498558 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1981 |
| Days On Site | 190 |
| Listing Provided By | EXP REALTY LLC | Tina White |
| SQ Feet | 2,695 |
|---|---|
| Zoning | R3 |
| Acreage | 0.23 |
| Property | 4884 |
|---|
| State | FL |
|---|---|
| County | Marion |
| City | OCALA |
| Zip Code | 34475 |
| Area | 34475 Ocala |
| Community Name | NORTH ROADS PARK |
| Listing VS Median (in NORTH ROADS PARK) | |
Price: $449,000 low | high Med: $464,500 sqft: 2,695 low | high Med: 2,720 $ / sqft: $167 low | high Med: $171 On site: 190 low | high Med: 107.5 | |
| State | FL |
|---|---|
| County | Marion |
| City | OCALA |
| Zip Code | 34475 |
| Area | 34475 Ocala |
| Community Name | NORTH ROADS PARK |
| Listing VS Median (in NORTH ROADS PARK) | |
Price: $449,000 low | high Med: $464,500 sqft: 2,695 low | high Med: 2,720 $ / sqft: $167 low | high Med: $171 On site: 190 low | high Med: 107.5 | |
![]() | $409,00051 Nw 21st PlOcala, FL 34475 |
![]() | $480,00059 Nw 21st PlOcala, FL 34475 |