840 NE 3RD ST, OCALA, FL, 34470
$550,000
Residential Income
Bedrooms
8
Bathrooms
8
Living Area
3,224 Sqft
Lot Size
15,246 Sqft
Prime Value-Add Quadplex Opportunity in Ocala's Tuscawilla District just Steps from Downtown Ocala. This four-unit quadplex offers an unbeatable blend of location, potential, and immediate income. Priced to sell and primed for savvy investors, it's your canvas to capitalize on Ocala's booming rental market with the city's growth. Proven Potential with Turnkey Proof of Concept: One unit has been fully renovated to showcase contemporary flair: open-concept layouts, sleek stainless-steel appliances, luxury vinyl plank flooring, and designer finishes that command premium rents. This "model unit" generates strong cash flow right out of the gate, proving the high-ROI blueprint for the remaining three units. 3 other units are blank slates awaiting your vision—affordable cosmetic updates could unlock 20-30% rent increases per unit, transforming this property into a passive-income powerhouse. Strategic Incentives for Accelerated Returns Seize the moment with the latest real estate tax incentives, including accelerated depreciation schedules that supercharge your write-offs and boost after-tax yields. In a market favoring multifamily investors, this quadplex positions you to deduct major renovations upfront, minimizing your effective cost basis while maximizing equity growth. Built to last with CBS construction, a durable 2017 roof ensures peace of mind for years to come. Each of the four spacious units features central air conditioning, Ample off-street parking, in unit washer and dryer hook ups. Proximity to Tuscawilla Park's green spaces, trendy eateries, and easy highway access make this a renter's dream—and a landlord's goldmine. Key Specs at a Glance : Units: 4 (1 renovated, 3 value-add ready) Location: City of Ocala – Walkable to downtown vibes, near Tuscawilla District amenities Roof: Installed 2017 HVAC: Central AC in every unit Zoning: Multifamily-friendly for seamless management Opportunity: Immediate income unit 200 leased for $1350.00 unit 400 on a month to month leased at $950.00 + renovation upside in a high-demand area Don't miss this rare chance to own a slice of Ocala's upward trajectory. Schedule your private tour today and step into ownership that pays dividends from day one. Serious inquiries only. Other units available call for more information. All information demend reliable buyer and buyer's agent to verify.
Property Details
Property Features Property Features
MLS ID: MFROM723371 Year Built: 1991
Appliances: Dishwasher, Microwave, Refrigerator Construction Materials: Block, Concrete
Cooling: Central Air Country: US
County Or Parish: Marion Exterior Features: Sidewalk
Financial Data Source: Broker, Owner Foundation Details: Block
Furnished: Unfurnished Heating: Central
Laundry Features: Electric Dryer Hookup, Inside, Washer Hookup Lease Term: Twelve Months
Levels: One Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional, FHA, VA Loan Occupant Type: Tenant
Pets Allowed: Cats OK, Dogs OK, Yes Possession: Close Of Escrow, Negotiable
Property Condition: Fixer Property Sub Type: Quadruplex
Property Type: Residential Income Road Surface Type: Asphalt, Paved
Roof: Shingle Sewer: Public Sewer
Showing Requirements: ShowingTime Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Tenant Pays: Electricity, Trash Collection, Water Utilities: Electricity Connected, Sewer Connected, Water Connected
View: Garden Water Source: Public
Window Features: Blinds
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