Pending

5390 SE 29TH PL

OCALA FL, 34480

$600,000


$175.59 per sqft

Pending

3,417 sqft

Multi-family

Built in 1985

Welcome to an exceptional investment opportunity in a prime location of Ocala! This fully renovated quadplex features four identical 2-bedroom, 2-bathroom units, each thoughtfully designed with quality finishes and modern upgrades. Each unit boasts a spacious layout, contemporary kitchens with stainless steel appliances, stylish bathrooms, and in-unit laundry. All four units are currently occupied with tenants on one-year leases, ensuring immediate income for the next owner. Investors will be impressed by the financial performance of this property, offering a remarkable monthly rental income of $5,700 and an annual income of $68,400. Operating expenses are minimal, with landscaping at $60 per month, trash removal at $50 per month, and a low HOA fee of $45 per month. This turnkey property provides excellent cash flow and significant long-term appreciation potential. To respect tenant privacy, tours will be conducted only during the inspection period with a signed contract. Preapproval or proof of funds is required. Don't miss the opportunity to own this profitable and low-maintenance investment in a highly desirable area!

TB8334767

MLS ID

January 4, 2025

Listed

January 12, 2025

Updated

Map

5390 SE 29TH PL
OCALA FL, 34480

Interior Features

Interior Features

Other


Laundry Description

Other


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.25 Acres


Exterior Features

Other


Roof

Other


Sewer

Other

Other Property Details

Area Name

34480 - Ocala


Taxes

$5,400


Tax Frequency

Annually


Days on Market

7


Association Fee

$45


Association Fee Frequency

Monthly


Garage

No


View

No


County

Marion


Municipality

15S


Water Source

See Remarks


Pool

No


Zoning

R3

Listing History

Date

Event

Price

1/12/2025

Pending

Listed by HOMECOIN.COM
Listing Contact: 888-400-2513 

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Data last updated 1/12/2025, 4:39 PM UTC

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