4191 22Nd Ave, Ocala, FL 34480
8 Unit Apartment Building Offered at $514,000 at a 6.82% Cap Rate in Ocala, FL 34480
For Sale
Active
17 pictures
Asking Price $514,000
- Property Type
-
Multifamily
- Square Feet
- 4,008 SF
Listing Contacts
Brad Busch
Lori Busch
- Property Info
Property Overview
Now available! Priced below May 2024 FHA Appraisal of $540,000! 6.8% actual capitalization rate. This high income producing quadruplex is located the popular SE area of town. This quadruplex features four wonderfully renovated 2/1 units. All of the units are presently occupied on annual leases. This property features ample parking as well indoor laundry in each unit. The nearby amenities such as schools, groceries, shopping centers, and restaurants create a high rental rate. This translates into a very profitable opportunity for any new owner. Each unit is outfitted with its separately metered gas, waster, sewer, and electric. Overall the high rental rates, excellent location, and ease of management make this a very lucrative opportunity. No owner finance. Not a distressed sale. Please inquire today - Call Bradley N Busch at 352-274-0909
Property Details
- Year Built
- 1980
- Stories
- 1
- Lot Size (sq. ft)
- 14,375 SF
- Units
- 8
Highlights
- May 2024 FHA Appraisal of 450k with no Contingencies.
- Recently renovated
- No deferred maintenance
- Desirable SE Area of Ocala
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