5390 Southeast 29th Place
$600,000
—
3,417
3,417
$176
Description
Welcome to an exceptional investment opportunity in a prime location of Ocala! This fully renovated quadplex features four identical 2-bedroom, 2-bathroom units, each thoughtfully designed with quality finishes and modern upgrades. Each unit boasts a spacious layout, contemporary kitchens with stainless steel appliances, stylish bathrooms, and in-unit laundry. All four units are currently occupied with tenants on one-year leases, ensuring immediate income for the next owner. Investors will be impressed...Welcome to an exceptional investment opportunity in a prime location of Ocala! This fully renovated quadplex features four identical 2-bedroom, 2-bathroom units, each thoughtfully designed with quality finishes and modern upgrades. Each unit boasts a spacious layout, contemporary kitchens with stainless steel appliances, stylish bathrooms, and in-unit laundry. All four units are currently occupied with tenants on one-year leases, ensuring immediate income for the next owner. Investors will be impressed by the financial performance of this property, offering a remarkable monthly rental income of $5,700 and an annual income of $68,400. Operating expenses are minimal, with landscaping at $60 per month, trash removal at $50 per month, and a low HOA fee of $45 per month. This turnkey property provides excellent cash flow and significant long-term appreciation potential. To respect tenant privacy, tours will be conducted only during the inspection period with a signed contract. Preapproval or proof of funds is required. Don’t miss the opportunity to own this profitable and low-maintenance investment in a highly desirable area!
- Listed by Jonathan Minerick • HOMECOIN.COMP: (888)-400-2513 C: (888)-400-2513 Info@homecoin.com
Property Details for 5390 Southeast 29th Place
Subdivision Name
GREENFIELDS UN #1
Township15S
WaterfrontNo
LISTING UPDATED: 01/05/2025 06:55 AM
Property Details for 5390 Southeast 29th Place
Status | Active |
---|---|
MLS # | TB8334767 |
Days on Market | 2 |
Taxes | $5,400 / year |
HOA Fees | $540 / year |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Quadruplex |
Year Built | 1985 |
Lot Size | 0.25 AC / 10,890 SF |
County | Marion County |
Building Information for 5390 Southeast 29th Place
Stories-Residences4Year Built1985Building Size-Lot Size0.25 AC / 10,890 SF
Property Information for 5390 Southeast 29th Place
Property History for 5390 Southeast 29th Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5390 Southeast 29th Place
Taxable ValueLand$20,000Additions$168,913Total$188,913
Tax Record2023$4,811 ($401 / month)
Home Facts
Baths8Total Finished SqFt3,417 SqFtAbove Grade Finished SqFt3,417 SqFtStories1Lot Size10,890 SqFtStyleQuadraplexYear Built1985Year Renovated2007ZoningR3CountyMARIONAPN29698-004-12
Schools near 5390 Southeast 29th Place
This home is within Marion.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Maplewood Elementary School PublicPK to 5 | ||
Osceola Middle School Public6 to 8 | ||
Forest High School Public9 to 12 | ||
Silver River Mentoring And Instruction Public6 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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