5390 SE 29TH PL, OCALA, FL, 34480
$600,000
Residential Income
Living Area
3,417 Sqft
Lot Size
10,890 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!
Property Details
Property Features Property Features
MLS ID: MFRTB8334767 Year Built: 1985
Construction Materials: Concrete Cooling: Other
Country: US Exterior Features: Other
Foundation Details: Slab Heating: Other
Laundry Features: Other Lease Term: Twelve Months
Listing Agreement: Exclusive Agency Listing Terms: Cash, Conventional, FHA, VA Loan
Occupant Type: Tenant Pets Allowed: Yes
Property Condition: Completed Property Sub Type: Quadruplex
Property Type: Residential Income Road Surface Type: Other
Roof: Other Sewer: Other
Showing Requirements: Call Before Showing, Call Owner Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Other Water Source: See Remarks
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