1023 NE 2nd St. #1, Ocala, FL 34470

1023 NE 2nd St. #1, Ocala, FL 34470
Photo 1 of 44
$650,000
Beds Baths Sq. Ft. Taxes Built
0.00 4,020 $9,113.77 1978
On the market: 1 day

Est. Monthly Payment:

$4,651($3,892 + $759 taxes*)

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APPROVED
View full details, 15 photos, school info, and price history
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!
Listing courtesy of Edward Barry, ENGEL & VOLKERS OCALA