Address
1870 SE 40th Street ROAD, OCALA, FL
Price
$ 519,000
Property Attributes
  • MLS#OM673198
  • TypePending
  • CountyMARION
  • CityOCALA
  • AreaOcala
  • NeighborhoodCitrus Park
  • Zip34480
  • StyleMulti Family
  • Year Built1982
  • Taxes$ 5559
  • Price$ 519,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3233
  • Lot Size12,197 SqFt
Data Source:
Stellar MLS
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.

Price History
2/19/2024 Listed $545,000
3/25/2024 5% - $519,000

General Features

Sewer Public Sewer
Heating Heat Pump
Cooling Central Air
Utilities BB/HS Internet Capable
Roof Shingle
Zoning R3
Construction Materials Wood Siding
Year Built 1982
Levels One
Property SubType Multi Family
Tax Year 2023
Percent Ownership Corporation
County Marion
New Construction No
Property Type Commercial Sale
Subdivision Name CITRUS PARK
Status Pending
Directions Heading North on 441 turn right onto SE Lake Weir Avenue,then right onto SE 38th St. Then turn right on SE 22nd Ave,and then right on SE 40th St and the property will be on the left.
City OCALA
Buyer Agent Compensation 2.5%
Total Units 4
MLS Area 34480 - Ocala
Lot Size Square Feet 12197
Waterfront Y/N No
Street Name 40th Street
Listing Terms Cash,Conventional,FHA
Tax Annual Amount 5559.08
Property Condition Completed
Public Remarks 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 o
Virtual Tour https://www.propertypanorama.com/instaview/stellar/OM673198
Days on Market 49
Standard Status Pending
Tax Lot 12
Legal Description SEC 33 TWP 15 RGE 22 PLAT BOOK S PAGE 014 CITRUS PARK BLK A LOT 12

Interior Features

Total Stories 1
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix ROAD
LivingAreaSource Appraiser
Living Area Units Square Feet

Exterior Features

Parking Features 6 to 12 Spaces
Water Source Public
Lot Size Area 12197
Foundation Details Block
Number of Buildings 1
Building Area Total 3793
Lot Dimensions 100 x 120
Lot Size Acres 0.28
Road Surface Type Asphalt,Paved
Lot Size Units Square Feet
Road Frontage Type County Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 34480

Price
AVG $330K
$520K
Taxes
AVG $2,006
$5,559
Visits
AVG 352
134
Data Provided by Inside Real Estate®
Year Built
AVG 2006
1982