1870 SE 40th Street ROAD Ocala, FL ^$ 519,000

1870 SE 40th Street ROAD

^$ 519,000

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1870 SE 40th Street ROAD

Ocala, FL, 34480

^$ 519,000

Studio Baths0.0 Sq 3,233

Monthly Estimate*

^$ 3,449

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Studio

Commercial Property for sale in Ocala, FL

for $519,000. This 3,233 square foot building was built in 1982 on a lot size of 0.28.

Available Now! Possible owner occupant FHA financing. 7% actual capitalization rate. This quadruplex is one of two offered for sale in the same neighborhood! Please see listing OM673200 for details on the other. 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 but one will be vacant Mid March / April to allow for owner occupant FHA financing opportunity. 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, washer, sewer, and electric. Overall the high rental rates, excellent location, and ease of management make this a very lucrative opportunity. Please inquire today. Also for sale is nearby neighboring quadruplex OM673200.

Commercial Pending

Price

^$ 519,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 5,559

Style

Multi Family

Lot Size

0.28

Year Built

1982

Town/City

Ocala

County/Region

Marion

MLS | Web ID

OM673198

Features

General

Sewer Public Sewer

Heating Heat Pump

Cooling Central Air

Utilities BB/HS Internet Capable

Roof Shingle

Zoning R3

Construction Materials Wood Siding

Year Built 1982

Levels One

Property SubType Multi Family

Tax Year 2023

Percent Ownership Corporation

County Marion

New Construction No

Property Type Commercial Sale

Subdivision Name CITRUS PARK

Status Pending

Directions Heading North on 441 turn right onto SE Lake Weir Avenue then right onto SE 38th St. Then turn right on SE 22nd Ave and then right on SE 40th St and the property will be on the left.

City OCALA

Buyer Agent Compensation 2.5%

Total Units 4

MLS Area 34480 - Ocala

Lot Size Square Feet 12197

Waterfront Y/N No

Street Name 40th Street

Listing Terms Cash Conventional FHA

Tax Annual Amount 5559.08

Property Condition Completed

Public Remarks Available Now! Possible owner occupant FHA financing. 7% actual capitalization rate. This quadruplex is one of two offered for sale in the same neighborhood! Please see listing OM673200 for details o

Virtual Tour https://www.propertypanorama.com/instaview/stellar/OM673198

Days on Market 49

Standard Status Pending

Tax Lot 12

Legal Description SEC 33 TWP 15 RGE 22 PLAT BOOK S PAGE 014 CITRUS PARK BLK A LOT 12

Water Access Y/N No

Water View Y/N No

Exterior

Parking Features 6 to 12 Spaces

Water Source Public

Lot Size Area 12197

Foundation Details Block

Number of Buildings 1

Building Area Total 3793

Lot Dimensions 100 x 120

Lot Size Acres 0.28

Road Surface Type Asphalt Paved

Lot Size Units Square Feet

Road Frontage Type County Road

Interior

Total Stories 1

Air Conditioning Y/N Yes

Heating Y/N Yes

Street Suffix ROAD

Total Baths 0

Living Area Units Square Feet

* Excluded Features

List By

Busch Realty

Broker

bnbusch@ocalaproperty.net

Affordability Calculator

$3,913

Per Month

Monthly Principal & Interest: $3,449
Monthly Property Taxes: $463
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Ocala, FL

Average List Price ^$1,073,687

Percent of Sale Price 107%

About Ocala, FL

59,488 Population

18% Since 2002

^$38,135 Median Income

39.61 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

266288 Elementary School

265661 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/25/2024	$519,000	-4.77%	Price Down
2/19/2024	$545,000		Listed Price

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1870 SE 40th Street ROAD, Ocala, FL, 34480 is a Commercial Property for sale at $519,000 with 3,233 sqft and a lot size of 0.28. 1870 SE 40th Street ROAD is a studio with 0.0 baths and was built in 1982. The property's zip code is 34480 which is in Ocala, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing information courtesy of My Florida Regional MLS DBA Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.

Data is updated as of 6/2/2024.

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1870 SE 40th Street ROAD

Commercial Property for sale in Ocala, FL

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