5390 Se 29th Place, Ocala, FL 34480
- $575,000
- 3,417
- SqFt
- Sold Price
- $575,000
- List Price
- $600,000
- Status
- Sold
- Days on Market
- 7
- Closing Date
- Mar 24, 2025
- MLS#
- TB8334767
- Property Style
- Quadruplex
- Year Built
- 1985
- Living Area
- 3,417
- Lot Size
- 10,890
- Acres
- 0.25
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Greenfields Un #1
- MLS Area Major
- Ocala
Property Description
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!
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Additional Information
- Taxes
- $5400
- Annual Gross Income
- 684
- Hoa Fee
- $45
- HOA Payment Schedule
- Monthly
- Community Features
- No Deed Restriction
- Zoning
- R3
- Interior Layout
- Other
- Interior Features
- Other
- Utilities
- Other
- Heating
- Other
- Air Conditioning
- Other
- Exterior Construction
- Concrete
- Exterior Features
- Other
- Roof
- Other
- Foundation
- Slab
- Pool
- No Pool
- Pets
- Allowed
- Flood Zone Code
- x
- Parcel ID
- 29698-004-12
- Legal Description
- SEC 25 TWP 15 RGE 22 PLAT BOOK W PAGE 029 GREENFIELDS UNIT 1 BLK D LOT 12
Listing courtesy of HOMECOIN.COM. 888-400-2513
Selling Office: NEXTHOME LOTT PREMIER REALTY.Mortgage Calculator
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