Property Description

OWN A PIECE OF OCALA HISTORY-AND A TRULY DISTINCTIVE FOUR-UNIT INCOME PROPERTY IN ONE OF THE CITY'S MOST HISTORIC SETTINGS. Anchoring this remarkable offering is the historic Z.C. Chambliss House, an impressive three-story residence dating to 1891 and situated within Ocala's historic district. Its commanding architecture, expansive porches, soaring ceilings, stained-glass accents, rich woodwork, decorative fireplaces and period details reflect an era of Ocala's history that simply cannot be recreated in modern construction.Located along E Fort King Street in Ocala's historic district, the property is surrounded by the character and architectural heritage of one of the city's established historic areas while remaining exceptionally convenient to Downtown Ocala, restaurants, shopping, professional services and entertainment.The offering encompasses two parcels and two physical addresses-743 E Fort King Street and 42 SE Wenona Avenue-with four distinct rentable components. The centerpiece is the approximately 2,757-SF historic main residence offering 4 bedrooms and 3.5 baths. Currently vacant and offered for lease at $6,500 per month, the residence presents an exceptional opportunity for an owner-user or an investor seeking additional rental income.The main residence thoughtfully blends historic character with substantial updates. The renovated kitchen features 11/4-inch granite countertops, a large island, new sink, new garbage disposal and updated appliances. Bathrooms have been modernized with stone or marble finishes and new fixtures. Custom Pro Closet improvements enhance the home's closets and storage, while a dedicated rear-entry laundry/mudroom with washer and dryer adds everyday functionality.Three additional rentable spaces add to the property's versatility. A separate approximately 460-SF office/commercial building, connected to the main residence by a breezeway and presently occupied by Ocala Magazine, is rented at $2,000 per month and includes use of the property's one-car garage. A separate residential building contains an approximately 460-SF first-floor 1-bedroom/1-bath apartment, currently vacant and offered at $1,000 per month, and an approximately 600-SF second-floor 2-bedroom/1-bath apartment currently rented at $1,450 per month.Inviting outdoor areas include a 12' x 12' shade awning, mature landscaping and attractive grounds. This is not a typical four-unit property. It combines a historically significant residence, residential apartments, office/commercial space, existing rental income and an outstanding in-town location. The configuration provides considerable flexibility for an investor or owner-user while preserving the architectural presence and character that make the property truly distinctive.Situated on approximately 0.43 combined acres with off-street parking and convenient access to Downtown Ocala, this offering brings together history, architecture, location and income potential in a way rarely found in a single property. Whether envisioned as an investment, an owner-occupied income property, a professional/residential combination, or an opportunity to become the next steward of an extraordinary historic Ocala property, 743 E Fort King Street and 42 SE Wenona Avenue offer something genuinely different. Schedule a private showing and experience this remarkable property in person.

Property Features