34 NW 21ST PL, OCALA, FL, 34475
$475,000
Residential Income
|
Living Area
2,695 Sqft
|
Lot Size
10,019 Sqft
|
Income-producing 4-unit multifamily property with strong cash flow and value-add potential in Ocala. This property features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, offering flexibility and consistent rental demand. One unit has been renovated with updated kitchen, bathroom, and vinyl flooring, while the remaining units provide an excellent opportunity for future upgrades and increased rental income.
Major updates include a NEW ROOF (2025) and ongoing maintenance, with landscaping serviced weekly. All units are currently rented, providing immediate income. Tenant-paid utilities include electricity, sewer, and trash, with owner only responsible for water (approximately $120/month), helping maximize net returns.
Lease structure offers both stability and upside, with two long-term leases in place and additional opportunity to adjust rents as units turn. Section 8 tenants in place provide consistent and reliable income. NO HOA.
Ideal for investors seeking a stabilized asset with immediate cash flow and the ability to further increase returns through strategic improvements.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8498558 | Year Built: | 1981 | |
| Construction Materials: | Block | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Marion | |
| Exterior Features: | Private Entrance | Foundation Details: | Slab | |
| Heating: | Central | Laundry Features: | Inside | |
| Listing Agreement: | Exclusive Right To Sell | Other Equipment: | Private Entrance | |
| Property Sub Type: | Quadruplex | Property Type: | Residential Income | |
| Road Surface Type: | Asphalt | Roof: | Shingle | |
| Sewer: | Septic Tank | Showing Requirements: | Combination Lock Box | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Electricity Connected, Sewer Connected, Water Connected | |
| Water Source: | Public | |||
We love to hear from you