1023 NE 2nd Street #1, Ocala, FL 34470

Local realty services provided by:ERA ONETEAM REALTY
1023 NE 2nd Street #1,Ocala, FL 34470
$650,000
Virtual Tour
  • - Beds
  • - Baths
  • 4,020 sq. ft.
  • Multi-family
  • Pending
Listed by:edward barry
Office:engel & volkers ocala
MLS#:OM709865
Source:MFRMLS

Price summary

  • Price:$650,000
  • Price per sq. ft.:$161.69

About this home

Welcome to an exceptional investment opportunity only a mile from Downtown Ocala! This renovated quadplex features four identical 2-bedroom, 1.5-bathroom units, each thoughtfully designed with quality finishes and modern upgrades. Each unit boasts a spacious layout, low maintenance kitchens with stainless steel appliances, stylish bathrooms, and in-unit laundry. Investors will be impressed by the financial performance of this property, offering a remarkable monthly rental income of $1,500/unit and an annual income of $72,000. One unit is currently used as an Airbnb and in 2024 produced $33,000, raising the potential income of the total property to $130,000+. Three units are currently vacant due to FULL REMODELS. Operating expenses are minimal, with landscaping at $100/mo and no other regular expenses. This property provides excellent cash flow and significant long-term appreciation potential. Preapproval or proof of funds is required. Don’t miss the opportunity to own this profitable

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Home facts

  • Year built:1978
  • Listing ID #:OM709865
  • Added:14 day(s) ago
  • Updated:October 04, 2025 at 08:02 AM

Rooms and interior

  • Living area:4,020 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Roof:Shingle
  • Year built:1978
  • Building area:4,020 sq. ft.
  • Lot area:0.35 Acres

Utilities

  • Water:Public, Water - Multiple Meters, Water Connected
  • Sewer:Public, Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$650,000
  • Price per sq. ft.:$161.69
  • Tax amount:$9,114 (2024)
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