$ 625,000 $ 650,000 3.8%

1023 NE 2ND ST #1

Ocala, FL 34470

  • 4,020 SqFt
  • 0.35 Lot Size
  • 1978 Year Built
Welcome to an exceptional investment opportunity only a mile from Downtown Ocala! This renovated quadplex features four identical 2-bedroom, 1.5-bathroom units, each thoughtfully designed with quality finishes and modern upgrades. Each unit boasts a spacious layout, low maintenance kitchens with stainless steel appliances, stylish bathrooms, and in-unit laundry. Investors will be impressed by the financial performance of this property, offering a remarkable monthly rental income of $1,500/unit and an annual income of $72,000. One unit is currently used as an Airbnb and in 2024 produced $33,000, raising the potential income of the total property to $130,000+. Three units are currently vacant due to FULL REMODELS. Operating expenses are minimal, with landscaping at $100/mo and no other regular expenses. This property provides excellent cash flow and significant long-term appreciation potential. 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!
Listed by ENGEL & VOLKERS OCALA , Sold By COLDWELL BANKER RESIDENTIAL RE

PROPERTY DETAIL

  • Key Details

    Sold Price $625,000

    Property Type Multi-Family

    Sub Type Quadruplex

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 4, 020 sqft

    Price per Sqft $155

    Subdivision Oak Park Caldwells Add

    MLS Listing ID OM709865

    Sold Date 10/13/25

    HOA Y/N No

    Year Built 1978

    Annual Tax Amount $9,113

    Lot Size 0.350 Acres

    Acres 0.35

    Lot Dimensions 200x77

    Property Sub-Type Quadruplex

    Source Stellar MLS

  • Location

    State FL

    County Marion

    Community Oak Park Caldwells Add

    Area 34470 - Ocala

    Zoning R3

  • Building

    Foundation Slab

    Lot Size Range 1/4 to less than 1/2

    Sewer Public Sewer

    Water Public

    Structure Type Block

    New Construction false

  • Interior

    Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, PrimaryBedroom Upstairs

    Heating Central

    Cooling Central Air

    Fireplace false

    Laundry Inside

  • Exterior

    Exterior Feature Fence

    Utilities Available BB/HS Internet Available, Cable Available, Electricity Available, Electricity Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected

    Roof Type Shingle

    Garage false

    Private Pool No

  • Others

    Senior Community No

    Ownership Fee Simple

    Special Listing Condition None

SIMILAR HOMES FOR SALE

Check for similar Multi-Familys at price around $625,000 in Ocala,FL

CONTACT

Edward Barry
Edward Barry

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