New Listing - 01/04/2025
5390 SE 29th PLACE, Ocala, FL, 34480
0 beds
1985
3,417 sqft
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!
Status:
Active
Type:
Multi-family
Laundry Remarks:
Other
Units:
4
Subdivision:
GREENFIELDS UN #1
Heating:
Other
Cooling:
Other
Common Charge:
$45 Monthly
Lot Size:
100 x 110
Acreage:
0.25
Est. Taxes:
$5,400
HOA Fee
$45
Construction
Concrete
Utilities
Other
Days on Market:
1
Pet Policy:
Yes
Lease Term Type:
12 Months
MLS #:
TB8334767
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of HOMECOIN.COM Phone: 888-400-2513