$490,000
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1870 SE 40TH STREET RD Ocala, FL 34480
3,233 SqFt
Key Details
Sold Price $490,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,233 sqft
Price per Sqft $151
Subdivision Citrus Park
MLS Listing ID OM673198
Sold Date 06/12/24
HOA Y/N No
Originating Board Stellar MLS
Year Built 1982
Annual Tax Amount $5,559
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 100x120
Property Description
Available Now! Possible owner occupant FHA financing. 7% actual capitalization rate. This quadruplex is one of two offered for sale in the same neighborhood! Please see listing OM673200 for details on the other. This high income producing quadruplex is located the popular SE area of town. This quadruplex features four wonderfully renovated 2/1 units. All of the units are presently occupied but one will be vacant Mid March / April to allow for owner occupant FHA financing opportunity. The nearby amenities such as schools, groceries, shopping centers, and restaurants create a high rental rate. This translates into a very profitable opportunity for any new owner. Each unit is outfitted with its separately metered gas, washer, sewer, and electric. Overall the high rental rates, excellent location, and ease of management make this a very lucrative opportunity. Please inquire today. Also for sale is nearby neighboring quadruplex OM673200.
Location
State FL
County Marion
Community Citrus Park
Zoning R3
Interior
Heating Heat Pump
Cooling Central Air
Exterior
Parking Features Parking Spaces - 6 to 12
Utilities Available BB/HS Internet Capable
Roof Type Shingle
Building
Story 1
Entry Level One
Foundation Block
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Wood Siding
New Construction false
Others
Ownership Corporation
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition None
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Bought with PEOPLE'S TRUST REALTY