34 Nw 21st Place, Ocala, FL 34475
- $475,000
- 2,695
- SqFt
- List Price
- $475,000
- Status
- Active
- Days on Market
- 104
- MLS#
- TB8498558
- Property Style
- Quadruplex
- Year Built
- 1981
- Living Area
- 2,695
- Lot Size
- 10,019
- Acres
- 0.23
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- North Roads Park
- MLS Area Major
- Ocala
Property Description
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. Units #34 and #36 are currently vacant.
Additional Information
- Taxes
- $4884
- Community Features
- No Deed Restriction
- Zoning
- R3
- Interior Layout
- Open Floorplan
- Interior Features
- Open Floorplan
- Utilities
- Electricity Connected, Sewer Connected, Water Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Exterior Features
- Private Entrance
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- AE
- Parcel ID
- 2511-012-000
- Legal Description
- SEC 05 TWP 15 RGE 22 PLAT BOOK T PAGE 070 NORTH ROADS PARK LOT 12
Listing courtesy of EXP REALTY LLC. 888-883-8509
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