BEDS0
BATHS
SQUARE FEET2,695
MLS#TB8498558
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONNORTH ROADS PARK
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.23 Acres
Roof Type: Shingle
Taxes: $4,884
Year Built: 1981
Amenities
Open Floorplan
Private Entrance
Feature Descriptions
Annual Net Income: 50000.00
Days on Site: 45
Directions: Exit onto US-27 / US-301 / US-441 toward Ocala.Head south toward downtown Ocala.Turn right onto NW 10th St (State Road 40).Turn left onto NW 1st Ave.Turn right onto NW 21st Pl.Property will be on the right.
Exterior: Block
Flood Zone Code: AE
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.23
Other Equipment: Private Entrance
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Septic Tank
Showing Instructions: Combination Lock Box
Special Sale Provisions: None
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: R3
Listed By / Shown By
Listed By
Agency Name: EXP REALTY LLC
Agency Contact: 888-883-8509
Shown By
Agency Title: Robb Harrison Realty, Inc.
Agency Phone: 352-877-2790
Estimate Your Payment
Estimated Payment
$ 3,338.66 per month $2,793.11 Principal & Interest $407.00 Property Tax $138.54 Homeowner's InsuranceChange Payment Information
Top REALTORS® in this Area
Jennifer Leeds
Wow!!! The best
I really want to thank you Robb for having such a great I mean fabulous agent. She was totally on top of everything. I never didn't know what was going on. She walked me thru every step and held my hand . She was never rushed or made me feel like I was a bother (and believe me I can be). Working with Robb was great. He always responded immediately. If something in the home needed to be done he was right there with a solution. Everything he said he did. I just loved Jennifer. Thanks so much for putting me in her hands.
— K Davis
— K Davis
34 NW 21st Place | MLS# TB8498558
This multi-family property located at 34 NW 21st Place, Ocala, FL 34475 is currently listed for sale with an asking price of $475,000. Search Ocala real estate on www.robbharrison.com today.