2950 SE 53RD CT

Property Description

Investor opportunity in desirable Southeast Ocala! This quadplex consists of four 2-bedroom, 2-bathroom units generating approximately $5,443/month ($65,316 annually) at full occupancy. Currently, three units are leased with one recently vacated--offering immediate upside to place a new tenant at market rent or for potential owner-occupancy.
Current rent roll:
Apt A - $1,400/mo (lease through 03/31/2027)
Apt B - $1,350/mo (renewed, Section 8)
Apt C - $1,393/mo (Section 8)
Apt D - $1,300/mo (recently vacated).

Two units have been renovated with vinyl flooring, updated kitchens, and bathrooms, while two remain unrenovated with tile flooring, providing clear value-add potential to increase rents and returns. Each unit features a front porch, functional layouts, and strong tenant appeal.
Major improvements include a new roof (2025) and a new $25,000 driveway (Dec 2025). Landscaping is maintained weekly. HOA is $142.72/month and includes trash service. Tenants pay water and electric, helping keep operating expenses low.
Conveniently located near shopping, dining, and major roadways, supporting consistent rental demand in Ocala's growing market. Whether you're looking for a cash-flowing asset with upside or a value-add opportunity, this property delivers. Schedule your showing today!

Overview

Property Status

For Sale

Lot Size

10,890 Sq.Ft.

MLS ID

TB8498918

Property Type

Multi-Family

Year Built

1984

Features & Amenities

Water Source

Public

Utilites

Electricity Connected, Sewer Connected, Water Connected

Roof

Shingle

Heat Type

Central

Air Conditioning

Central Air

Laundry Room

Inside

Other Interior Features

Ceiling Fans(s), Eat-in Kitchen

Sewer

Public Sewer

Substructure

Slab

Other Exterior Features

Fence, Private Entrance

Sales Price

$579,000

Real Estate Tax

$7,047/yr

HOA

$143/mo

Zoning

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for your interest in 2950 SE 53RD CT, OCALA, FL 34480

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