2731 & 2771 NE 3rd St., Ocala, FL 34470

Cypress Villas has been extensively remodeled and updated inside and out for the investor looking for a long term worry-free cash flow. Roofs replaced in 2009, several HVAC units updated, nearly all water heaters new, new exterior paint two years ago, and 21 of 24 units with substantial interior renovations will be completed by closing, including flooring, kitchens, bathrooms, lighting fixtures, and appliances. Renovated units are getting $625/month for one bedrooms and $725/month for two bedrooms. The property is located on the eastern portion of Ocala right near the Ocala Golf Club, the public library, Publix, the Marion County Museum of History, as well as plenty of shopping and eateries. This is a 1980 built, concrete block, single story project with twelve 1BR/1BA units (585 SF +/-) and twelve 2BR/1BA units (875 SF +/-). The project sits on two different parcels within walking distance of each other. There are washers and dryers in the 2 BR units. The current 3rd party property management group has been managing the asset since its development in 1980.