34 NW 21ST PL

Property Description

Income-producing 4-unit multifamily property with strong cash flow and value-add potential in Ocala. This property features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, offering flexibility and consistent rental demand. One unit has been renovated with updated kitchen, bathroom, and vinyl flooring, while the remaining units provide an excellent opportunity for future upgrades and increased rental income.

Major updates include a NEW ROOF (2025) and ongoing maintenance, with landscaping serviced weekly. All units are currently rented, providing immediate income. Tenant-paid utilities include electricity, sewer, and trash, with owner only responsible for water (approximately $120/month), helping maximize net returns.

Lease structure offers both stability and upside, with two long-term leases in place and additional opportunity to adjust rents as units turn. Section 8 tenants in place provide consistent and reliable income. NO HOA.

Ideal for investors seeking a stabilized asset with immediate cash flow and the ability to further increase returns through strategic improvements.

Overview

Property Status

For Sale

Lot Size

10,019 Sq.Ft.

MLS ID

TB8498558

Property Type

Multi-Family

Year Built

1981

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

Open Floorplan

Sewer

Septic Tank

Substructure

Slab

Other Exterior Features

Private Entrance

Sales Price

$475,000

Real Estate Tax

$4,885/yr

Zoning

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for your interest in 34 NW 21ST PL, OCALA, FL 34475

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