Ocala, FL 34480,1870 SE 40TH STREET RD
Ocala, FL 34480,1870 SE 40TH STREET RD
Ocala, FL 34480,1870 SE 40TH STREET RD
Ocala, FL 34480,1870 SE 40TH STREET RD
Ocala, FL 34480,1870 SE 40TH STREET RD
Ocala, FL 34480,1870 SE 40TH STREET RD
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$490,000

$519,000

5.6%
Est.Price: ?

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Est. payment /mo

3,233 SqFt


SOLD DATE : 06/12/2024

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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Stellar MLS
Listed by BUSCH REALTY
Bought with PEOPLE'S TRUST REALTY
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