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840 NE 3rd Street, Ocala, FL 34470

$550,000
  • 840 NE 3rd Street, Ocala, FL 34470 Main Photo

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Active
BEDS8 BATHS SQUARE FEET3,224 MLS#OM723371
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONOF CALDWELLS

Property Description

Prime Value-Add Quadplex Opportunity in Ocala's Tuscawilla District just Steps from Downtown Ocala. This four-unit quadplex offers an unbeatable blend of location, potential, and immediate income. Priced to sell and primed for savvy investors, it's your canvas to capitalize on Ocala's booming rental market with the city's growth. Proven Potential with Turnkey Proof of Concept: One unit has been fully renovated to showcase contemporary flair: open-concept layouts, sleek stainless-steel appliances, luxury vinyl plank flooring, and designer finishes that command premium rents. This model unit generates strong cash flow right out of the gate, proving the high-ROI blueprint for the remaining three units. 3 other units are blank slates awaiting your vision-affordable cosmetic updates could unlock 20-30% rent increases per unit, transforming this property into a passive-income powerhouse. Strategic Incentives for Accelerated Returns Seize the moment with the latest real estate tax incentives, including accelerated depreciation schedules that supercharge your write-offs and boost after-tax yields. In a market favoring multifamily investors, this quadplex positions you to deduct major renovations upfront, minimizing your effective cost basis while maximizing equity growth. Built to last with CBS construction, a durable 2017 roof ensures peace of mind for years to come. Each of the four spacious units features central air conditioning, Ample off-street parking, in unit washer and dryer hook ups. Proximity to Tuscawilla Park's green spaces, trendy eateries, and easy highway access make this a renter's dream-and a landlord's goldmine. Key Specs at a Glance : Units: 4 (1 renovated, 3 value-add ready) Location: City of Ocala - Walkable to downtown vibes, near Tuscawilla District amenities Roof: Installed 2017 HVAC: Central AC in every unit Zoning: Multifamily-friendly for seamless management Opportunity: Immediate income unit 200 leased for $1350.00 unit 400 on a month to month leased at $950.00 + renovation upside in a high-demand area Don't miss this rare chance to own a slice of Ocala's upward trajectory. Schedule your private tour today and step into ownership that pays dividends from day one. Serious inquiries only. Other units available call for more information. All information demend reliable buyer and buyer's agent to verify.

840 NE 3rd Street | MLS# OM723371

This multi-family property located at 840 NE 3rd Street, Ocala, FL 34470 is currently listed for sale with an asking price of $550,000. Search Ocala real estate on www.robbharrison.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.35 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $7,291
Year Built: 1991

Amenities

Ceiling Fans(s)
Living Room/Dining Room Combo
Primary Bedroom Main Floor
Stone Counters
Thermostat
Walk-In Closet(s)
Window Treatments
Sidewalk

Feature Descriptions

Annual Net Income: 0.00
Appliances: Dishwasher, Microwave, Refrigerator
Days on Site: 39
Directions: hwy 40 to 3rd
Exterior: Block, Concrete
Flood Zone Code: X
Foundation: Block
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Dimensions: 0.35
Number of Pets: 1
Ownership: Fee Simple
Pets Allowed: Cats OK, Dogs OK, Yes
Pets Restrictions: non-aggressive breeds
Pets Size: Small (16-35 Lbs.)
Pets Weight (Max): 35
Property Attached Y/N: Yes
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: ShowingTime
Special Sale Provisions: None
Units: 4
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Windows: Blinds
Zoning: R3

Listed By / Shown By

Listed By

Agency Name: WALDEN & CO REALTY LLC
Agency Contact: 561-644-2353

Shown By

Agency Title: Robb Harrison Realty, Inc.
Agency Phone: 352-877-2790

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Estimated Payment

$ 4,002.13 per month $3,234.13 Principal & Interest $607.58 Property Tax $160.42 Homeowner's Insurance

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We know you have options when it comes to finding a home mortgage loan. Justin with Supreme Lending is part of a team with knowledge on FHA, VA loans, rural development mortgages and conventional lending.

Top REALTORS® in this Area

Agent Photo
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

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