12120 Southeast 53rd Terrace Road, Unit ALL S

Belleview, FL 34420

$1,950,000
Price
27
Beds
11,898 Sq. Ft.
$164 / Sq. Ft.
11,898
Sq. Ft.
$164
per Sq. Ft.

Description

Investment opportunity to acquire 15 units (6 duplexes and 1 triplex) on one parcel, in the strong rental market of Belleview FL, in southern Marion County. The unit mix consists of 12 2/1's, and 3 1/1's. Located between Ocala, and the Villages, Belleview has become an emerging rental market for its proximity to one of the fastest growing developments in the Country, The Villages "Florida's Friendliest Hometown". This is a value-add opportunity with current rents well below market.Investment opportunity to acquire 15 units (6 duplexes and 1 triplex) on one parcel, in the strong rental market of Belleview FL, in southern Marion County. The unit mix consists of 12 2/1's, and 3 1/1's. Located between Ocala, and the Villages, Belleview has become an emerging rental market for its proximity to one of the fastest growing developments in the Country, The Villages "Florida's Friendliest Hometown". This is a value-add opportunity with current rents well below market.
  1. Listed by Christopher Swor LLC • COLDWELL BANKER ELLISON REALTY O

Property Details for 12120 Southeast 53rd Terrace Road, Unit ALL S

Subdivision Name
N/A
Township
17S
Waterfront
No
Furnished
Unfurnished
LISTING UPDATED: 06/19/2024 03:39 PM

Property Details for 12120 Southeast 53rd Terrace Road, Unit ALL S

StatusActive
MLS #OM660307
Days on Market509
Taxes$14,728 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1984
Lot Size1.87 AC / 81,457 SF
CountyMarion County

Building Information for 12120 Southeast 53rd Terrace Road, Unit ALL S

Stories-Residences15Year Built1984Building Size-Lot Size1.87 AC / 81,457 SF

Property Information for 12120 Southeast 53rd Terrace Road, Unit ALL S

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: From Ocala, take 441 south to right on Hwy 484 (at the Wawa), to left on SE 53rd Ter Rd. Property is on the right.
  • Mls Major Change Type: Price Decrease
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 12120
  • Street Direction Prefix: SE
  • Street Name: 53RD TERRACE
  • Street Suffix: ROAD
  • Unit Number: All Units
  • State: FL
  • City: BELLEVIEW
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 89
  • Tax Book Number: A-015
  • Tax Legal Description: SEC 01 TWP 17 RGE 22 PLAT BOOK A PAGE 015 BELLEVIEW BLK 89 A PT OF LOTS 2.3 BEING MORE PARTICULARLY DESC AS: Lengthy Legal in Office
  • Tax Lot: 2
  • Tax Year: 2022
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 38523-001-00
  • Total Acreage: 1 to less than 2
  • Total Num Buildings: 7
  • Water Access: No
  • Water Extras: No
  • Zoning: R3
  • Living Area: 11898
Property and Assessments
  • Year Built Numeric: 1984
  • Flood Zone Code: X
  • New Construction: No
  • Public Survey Range: 22E
  • Public Survey Section: 01
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water - Multiple Meters
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block
  • Exterior Features: Other
  • Foundation Details: Slab
  • Levels: One
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 27
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile
  • Heating: Central
  • Interior Features: Other
  • Laundry Features: Outside
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $108,720.00
  • Est Annual Market Income: $167,400.00
  • Gross Income: $144,960
  • Unit Count: 2
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 2
  • Unit Type Heated Sq Ft 1: 841
  • Unit Type Pro Forma 1: 950
  • Unit Type Type 1: 2 Bed/1 Bath
  • Unit Type Units Total 1: 12
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 1
  • Unit Type Heated Sq Ft 2: 600
  • Unit Type Pro Forma 2: 850
  • Unit Type Type 2: 1 Bed/1 Bath
  • Unit Type Units Total 2: 3
Rental
Rental Information
  • Tenant Pays: Electricity

Property History for 12120 Southeast 53rd Terrace Road, Unit ALL S

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 12120 Southeast 53rd Terrace Road, Unit ALL S

This home is within Marion.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Belleview Elementary School
PublicPK to 5

Belleview Middle School
Public6 to 8

Belleview High School
Public9 to 12

Francis Marion Military Academy
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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12120 Southeast 53rd Terrace Road, Unit ALL S is a multi-family home for sale in Belleview, FL 34420. This property was listed for sale on June 27, 2023 by COLDWELL BANKER ELLISON REALTY O, it's currently listed at $1,950,000. This listing's school district is Marion. Nearby schools include Belleview Elementary School, Belleview Middle School and Belleview High School. 12120 Southeast 53rd Terrace Road, Unit ALL S is a 27-bed, 0-bath, 11,898 sqft multi-family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COLDWELL BANKER ELLISON REALTY O

Based on information from one of the following Multiple Listing Services: Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.