829 NE 3RD ST, OCALA, FL, 34470
$450,000
Residential Income
|
Bedrooms
4
|
Bathrooms
3
|
Living Area
1,676 Sqft
|
Lot Size
4,356 Sqft
|
Income-producing opportunity in a high-demand rental pocket of Ocala — this well-maintained triplex at 829 NE 3rd Street is currently producing $3,675 in total monthly rent, offering a compelling blend of immediate cash flow and long-term upside. Positioned just minutes from downtown, the property sits on a spacious, tree-lined lot that consistently attracts tenants seeking both convenience and a quiet residential setting. Each unit features functional layouts with well-lit bedrooms, while the kitchens are upgraded with granite countertops, modern cabinetry, and stainless steel appliances, supporting strong rental appeal and tenant retention. A dedicated on-site laundry area adds additional convenience and operational efficiency. With durable interior finishes and broad tenant appeal, the property is well-positioned to minimize turnover and support stable occupancy. For investors, the opportunity lies in rent optimization and continued market appreciation, with potential to increase returns through strategic management and incremental improvements. Whether you're looking for a cash-flowing asset today or a value-add play with upside, this triplex delivers a strong foundation for both income and growth.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRO6400392 | Year Built: | 1938 | |
| Construction Materials: | Frame | Cooling: | Wall/Window Unit(s) | |
| Country: | US | County Or Parish: | Marion | |
| Exterior Features: | Fence | Foundation Details: | Concrete Perimeter | |
| Heating: | Electric | Laundry Features: | Laundry Room | |
| Listing Agreement: | Exclusive Right To Sell | Property Sub Type: | Triplex | |
| Property Type: | Residential Income | Road Surface Type: | Paved | |
| Roof: | Shingle | Sewer: | Public Sewer | |
| Showing Requirements: | See Remarks, ShowingTime | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Public | Water Source: | Public | |
| Window Features: | Blinds | |||
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