352-464-0537
840 3rd Street, OCALA, FL 34470
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  • MLS#: OM723371 ( Residential Income )
  • Street Address: 840 3rd Street
  • Viewed: 9
  • Price: $550,000
  • Price sqft: $171
  • Waterfront: No
  • Year Built: 1991
  • Bldg sqft: 3224
  • Bedrooms: 8
  • Total Baths: 8
  • Days On Market: 5
  • Additional Information
  • Geolocation: 29.1894 / -82.1288
  • County: MARION
  • City: OCALA
  • Zipcode: 34470
  • Subdivision: Of Caldwells Add
  • Provided by: WALDEN & CO REALTY LLC
  • Contact: Maria Walden
  • 561-644-2353
  • mfrmls
  • DMCA Notice
  • Description
    Prime Value Add Quadplex Opportunity in Ocala's Tuscawilla District just Steps from Downtown Ocala. This four unit quadplex offers an unbeatable blend of location, potential, and immediate income. Priced to sell and primed for savvy investors, it's your canvas to capitalize on Ocala's booming rental market with the city's growth. Proven Potential with Turnkey Proof of Concept: One unit has been fully renovated to showcase contemporary flair: open concept layouts, sleek stainless steel appliances, luxury vinyl plank flooring, and designer finishes that command premium rents. This "model unit" generates strong cash flow right out of the gate, proving the high ROI blueprint for the remaining three units. 3 other units are blank slates awaiting your visionaffordable cosmetic updates could unlock 20 30% rent increases per unit, transforming this property into a passive income powerhouse. Strategic Incentives for Accelerated Returns Seize the moment with the latest real estate tax incentives, including accelerated depreciation schedules that supercharge your write offs and boost after tax yields. In a market favoring multifamily investors, this quadplex positions you to deduct major renovations upfront, minimizing your effective cost basis while maximizing equity growth. Built to last with CBS construction, a durable 2017 roof ensures peace of mind for years to come. Each of the four spacious units features central air conditioning, Ample off street parking, in unit washer and dryer hook ups. Proximity to Tuscawilla Park's green spaces, trendy eateries, and easy highway access make this a renter's dreamand a landlord's goldmine. Key Specs at a Glance : Units: 4 (1 renovated, 3 value add ready) Location: City of Ocala Walkable to downtown vibes, near Tuscawilla District amenities Roof: Installed 2017 HVAC: Central AC in every unit Zoning: Multifamily friendly for seamless management Opportunity: Immediate income unit 200 leased for $1350.00 unit 400 on a month to month leased at $950.00 + renovation upside in a high demand area Don't miss this rare chance to own a slice of Ocala's upward trajectory. Schedule your private tour today and step into ownership that pays dividends from day one. Serious inquiries only. Other units available call for more information. All information demend reliable buyer and buyer's agent to verify.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Sidewalk
  • Living Area: 3224.00
  • Roof: Shingle
Property Information
  • Property Condition: Fixer
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central
  • Pets Allowed: Cats OK, Dogs OK, Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2025
Rental Information
  • Tenant Pays: Electricity, Trash Collection, Water
Other Features
  • Appliances: Dishwasher, Microwave, Refrigerator
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Legal Description: SEC 17 TWP 15 RGE 22 PLAT BOOK B PAGE 244 SUB LOT 44 OF CALDWELLS ADD OCALA LOT 13 & BEGIN AT NE COR OF LOT 13 TH E 9 FT TH S 00-08-57 E 187.70 FT TH S 89-54-06 W 9 FT TH N 00-08-57 W 187.72 FT TO THE POB
  • Levels: One
  • Area Major: 34470 - Ocala
  • Occupant Type: Tenant
  • Parcel Number: 2820-044-013
  • Possession: Close Of Escrow, Negotiable
  • View: Garden
  • Zoning Code: R3
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  1. Bedrooms: 8
  2. Baths: 4
  1. MLSID: OM717618
  2. Provided by LISA WOLFE REALTY, INC.
  3. Contact Lisa Wolfe
  4. mfrmls
  5. DMCA Notice
Headshot for Associate Charles V. Surette
  1. Charles V. Surette, REALTOR ®
  2. Tropic Shores Realty
  3. 352-464-0537
  4. Mobile: 352.464.0537
  5. Mobile: 352.464.0537
  6. chas.surette@protonmail.com