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Multi Family - 9917 - JACKSONVILLE ROAD/NORTH MAGNOLIA

NE, OCALA, FL 34470

Sold Price$460,000 Asking Price$700,000

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  • Days on market:

    11 day(s)
  • Original Price:

    $700,000
  • Price per sqft:

    $91
  • Tax Legal Description:

    SEC 05 TWP 15 RGE 22 COM 329.97 FT E & N 00-27-15 W 187.22 FT OF SW COR NE 1/4 TH N 89-47-00 E 320.55 FT TH N 13-10-45 E 160.90 FT TH S 89-47-00 W 358.67 FT TH S 00-27-15 E 157.34 FT TO POB
  • Tax Year:

    2020
  • Property Type:

    Multi Family
  • Construction Type:

    StuccoBlock
  • Roof:

    Shingle
  • Cooling Description:

    Wall/Window Unit(s)
  • Heating Description:

    Wall Units / Window Unit
  • Floor Description:

    Tile
  • Exterior Features:

    Other
  • Special Listing Conditions:

    None

Description

$700,000 • living size area 7692 sqft

Investment opportunity with b4 zoning! three quads, total of 12 units, being sold as package deal. eleven units are currently rented at $650/month for a total gross rental income of $7,150 per month, twelfth unit will be rentable after repairs are made adding an additional $650 per month. total annual gross of $93,600 for twelve units. all units are efficiencies, owner pays for garbage and sewer, tenants pay for electric and cable. but there's more, property has approximately 100' of frontage on jacksonville road with potential to add another quad or building for additional income. property being sold as is.

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