34 NW 21ST PLACE at

34 NW 21ST PLACE

For sale Days on market 96

$475,000

$176/sq ft

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Overview

Year Built

1981

Sqft

2695

Property Type

Quadruplex

Property Description

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.

Property Details

MLS#

TB8498558

Address

34 21ST NW

City

Ocala

State/county

Zip/Postal Code

34475

Area

North Roads Park

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$4,884

Maint Fee

$--

Tax Year

2025

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