NOT LISTED FOR SALE

Ocala, FL 34470

Northeast Ocala Neighborhood
-- Bed
-- Bath
7,692 Sq Ft
1.22 Acres

Last Sold August 13, 2021

Last sale price $460,000 $60 Per Sq Ft

39 Days on Market

Highlights

  • 1.22 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • No HOA
  • Tile Flooring

About This Home

As of August 2021

INVESTMENT OPPORTUNITY with B4 Zoning! Three Quads, total of 12 Units, being sold as package deal. Eleven units are currently rented at $650/month for a total gross rental income of $7,150 per month, twelfth unit will be rentable after repairs are made adding an additional $650 per month. Total Annual Gross of $93,600 for twelve units. All units are efficiencies, owner pays for garbage and sewer, tenants pay for electric and cable. But there's more, property has approximately 100' of frontage on Jacksonville road with potential to add another Quad or Building for additional income. Property being sold AS IS.

Last Agent to Sell the Property

Kim Costa

BERKSHIRE HATHAWAY HS FLORIDA License #3489903 Listed on: 05/27/2021

BERKSHIRE HATHAWAY HS FLORIDA

Last Buyer's Agent

Nolan Galloway

GUS GALLOWAY REALTY INC License #3057213

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,869

Year Built

  • Built in 1983

Lot Details

  • 1.22 Acre Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 7,692 Sq Ft Home
  • Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 12 Units
  • 5,940 Sq Ft Building
  • 9917 Jacksonville Road/North Magnolia Subdivision

Building Details

  • Gross Income $85,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,869

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Quadruplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 7692
  • Lot Size Acres: 1.22
  • New Construction: No
  • Year Built: 1983
  • Building Area Total: 5940
  • Lot Size Sq Ft: 53143
  • Status: Sold
  • Street Direction: NE
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM620945?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM620945?w=Customer
  • Unit Count: 1
  • Total Acreage: 1 to less than 2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.65714
  • Price per Sq Ft: 59.8
  • Close to Original List Price Ratio: 0.65714
  • Ratio: Current Price\Building Area Total: 77.44
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Foundation Details: Slab
  • Levels: One
  • Spa Yn: No
  • Number Of Buildings: 3

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Gravel, Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12083C0509E

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Public, Sewer Connected, Water Available, Water Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Units / Window Unit
  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: B4
  • Parcel Number: 24850-000-00
  • Additional Parcels: No
  • Flood Zone Code: X
  • Flood Zone Date: 2017-04-19

Rental Info

  • Total Actual Rent: 7150

Multi Family

  • Gross Income: 85800
  • Number Of Units Total: 12

Tax Info

  • Tax Annual Amount: 4869
  • Tax Block: 00
  • Tax Book Number: 0
  • Tax Lot: 000
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2021 08/13/21 Sold $460,000 -34.3% $60 / Sq Ft
07/05/2021 07/05/21 Pending -- -- --
06/28/2021 06/28/21 For Sale $700,000 0.0% $91 / Sq Ft
06/11/2021 06/11/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $700,000 0.0% $91 / Sq Ft
05/30/2021 05/30/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $700,000 -- $91 / Sq Ft
Source: Stellar MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,098 $422,716 -- --
2024 $10,563 $384,287 -- --
2023 $10,563 $349,352 -- --
2022 $7,397 $317,593 $79,715 $237,878
2021 $6,834 $305,415 $0 $0
2020 $4,869 $293,034 $79,715 $213,319
2019 $4,970 $304,680 $90,692 $213,988
2018 $4,728 $295,095 $90,692 $204,403
2017 $4,719 $290,122 $90,692 $199,430
2016 $4,643 $282,520 $0 $0
2015 $5,531 $325,202 $0 $0
2014 $5,004 $316,968 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kim Costa

    Seller's Agent in 2021

    Kim Costa

    BERKSHIRE HATHAWAY HS FLORIDA

    (352) 425-9668

    4 in this area

    26 Total Sales

    Kim Costa
    Section Image
  • Nolan Galloway

    Buyer's Agent in 2021

    Nolan Galloway

    GUS GALLOWAY REALTY INC

    (352) 572-9109

    14 in this area

    79 Total Sales

    Nolan Galloway
    Section Image
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Source: Stellar MLS

MLS Number: OM620945

Stellar MLS
Florida Marion County Ocala 34470

Northeast Ocala

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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