David Donaldson
BEDS0
BATHS
SQUARE FEET2,695
MLS#TB8498558
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONNORTH ROADS PARK
Property Description
Income-producing four-unit multifamily property with value-add potential in Ocala. The property features two 2-bedroom/1-bath units and two 1-bedroom/1-bath units. Unit #34: Approximately 70% remodeled and leased for $980 per month; lease began September 1, 2026 Unit #36: Vacant and fully remodeled Unit #38: Approximately 70% remodeled and leased for $1,250 per month; lease began March 1, 2025 Unit #40: Currently being remodeled Major improvements include a NEW ROOF completed in 2025, continued property maintenance and weekly landscaping service. Tenants pay electricity, sewer and trash, while the owner pays water, averaging approximately $120 per month. No HOA. An excellent opportunity for current rental income with additional upside through completed renovations, leasing the vacant units and future rent adjustments. Some photos have been virtually staged for illustrative purposes.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.23 Acres
Roof Type: Shingle
Taxes: $4,884
Year Built: 1981
Amenities
Open Floorplan
Private Entrance
Feature Descriptions
Annual Net Income: 50000.00
Days on Site: 167
Directions: Exit onto US-27 / US-301 / US-441 toward Ocala.Head south toward downtown Ocala.Turn right onto NW 10th St (State Road 40).Turn left onto NW 1st Ave.Turn right onto NW 21st Pl.Property will be on the right.
Exterior: Block
Flood Zone Code: AE
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.23
Other Equipment: Private Entrance
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Septic Tank
Showing Instructions: Combination Lock Box
Special Sale Provisions: None
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: R3
Listed By / Shown By
Listed By
Agency Name: EXP REALTY LLC
Agency Contact: 888-883-8509
Shown By
Agent Name: David Donaldson
Agent Phone: (813) 791-8680
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 1,537.24 per month $999.28 Principal & Interest $407.00 Property Tax $130.96 Homeowner's InsuranceChange Payment Information
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34 NW 21st Place | MLS# TB8498558
This multi-family property located at 34 NW 21st Place, Ocala, FL 34475 is currently listed for sale with an asking price of $449,000. Search Ocala real estate on ddonaldson.floridaexecutiverealty.com today.