Sarasota's Premier Homes

34 NW 21ST PLACE

OCALA, FL 34475

MLS#: TB8498558

$475,000

Status: Active
Listing number: TB8498558
Listing provided by: EXP REALTY LLC
Listing agent phone: None
Last update: a month ago
On site: 4 months ago
Browse Properties
NORTH ROADS PARK - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1981

Sq.Footage

2,695

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. Units #34 and #36 are currently vacant.

Features & Amenities

Interior

  • Other Interior Features

    Open Floorplan

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Other Exterior Features

    Private Entrance

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.23

  • Lot Size(square feet)

    10,019

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $475,000

  • Tax Amount

    $4,884.98

  • Sq. Footage

    2,695

  • Price/SqFt

    $176

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Slab

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Septic Tank

  • Tax Lot

    12

  • Water Source

    Public

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Location

County

Marion

Elementary School

Middle School

High School

Listing Courtesy of Tina White , EXP REALTY LLC

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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. Units #34 and #36 are currently vacant.

34 NW 21ST PLACE

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