Land - Real Estate in Ocala
Listing Price: $139,000
Description of Property
Attention investors and developers. The county allows up to 12 units, up to three stories, making this a highly attractive multifamily development opportunity. City water and sewer will be required. Strong rental demand in the area. Average rents for 2-bedroom, 2-bath units are approximately $1,500 per month. At full capacity, 12 units could generate around $18,000 per month, or approximately $216,000 annually in gross rental income. Excellent potential for cash flow and long-term appreciation in a growing market. Ideal project for investors seeking high-return multifamily development.
Property Details At A Glance
Property Type: Land
City: Ocala
County: Marion
Subdivision: Marion Oaks Un 04
Annual Tax: $465
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Size (acres): 0.56
Lot Size (sq. ft.): 24,394 square feet
Lot Dimensions: 198 x 128 x 198 x 122
Legal Description & Other Information
Financing Available: Cash
Parcel Number: 8004043515
Zoning: RPUD
Tax Legal Desc.: SEC 26 TWP 17 RGE 21 PLAT BOOK O PAGE 053 MARION OAKS UNIT 4 BLK 435 LOT 15
Section: 26
Range: 21
Listing courtesy of EXP REALTY LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
