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840 NE 3RD ST
840 NE 3RD ST
840 NE 3RD ST
840 NE 3RD ST
840 NE 3RD ST
840 NE 3RD ST
840 NE 3RD ST
840 NE 3RD ST
840 NE 3RD ST
840 NE 3RD ST
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For Sale

840 NE 3RD ST

840 NE 3RD ST, OCALA, FL 34470

$550,000
Prime Value-Add Quadplex Opportunity in Ocala's Tuscawilla District just Steps from Downtown Ocala. This four-unit quadplex offers an unbeatable blend of location, potential, and immediate income. Priced to sell and primed for savvy investors, it's your canvas to capitalize on Ocala's booming rental market with the city's growth. Proven Potential with Turnkey Proof of Concept: One unit has been fully renovated to showcase contemporary flair: open-concept layouts, sleek stainless-steel appliances, luxury vinyl plank flooring, and designer finishes that command premium rents. This "model unit" generates strong cash flow right out of the gate, proving the high-ROI blueprint for the remaining three units. 3 other units are blank slates awaiting your vision--affordable cosmetic updates could unlock 20-30% rent increases per unit, transforming this property into a passive-income powerhouse. Strategic Incentives for Accelerated Returns Seize the moment with the latest real estate tax incentives, including accelerated depreciation schedules that supercharge your write-offs and boost after-tax yields. In a market favoring multifamily investors, this quadplex positions you to deduct major renovations upfront, minimizing your effective cost basis while maximizing equity growth. Built to last with CBS construction, a durable 2017 roof ensures peace of mind for years to come. Each of the four spacious units features central air conditioning, Ample off-street parking, in unit washer and dryer hook ups. Proximity to Tuscawilla Park's green spaces, trendy eateries, and easy highway access make this a renter's dream--and a landlord's goldmine. Key Specs at a Glance : Units: 4 (1 renovated, 3 value-add ready) Location: City of Ocala - Walkable to downtown vibes, near Tuscawilla District amenities Roof: Installed 2017 HVAC: Central AC in every unit Zoning: Multifamily-friendly for seamless management Opportunity: Immediate income unit 200 leased for $1350.00 unit 400 on a month to month leased at $950.00 + renovation upside in a high-demand area Don't miss this rare chance to own a slice of Ocala's upward trajectory. Schedule your private tour today and step into ownership that pays dividends from day one. Serious inquiries only. Other units available call for more information. All information demend reliable buyer and buyer's agent to verify.

8
beds

8
baths

3,224 Sq.Ft. LIVING AREA

0.35 Acres lot

Maria Walden

Maria Walden

Features & Amenities

Interior

  • total bedrooms8
  • Total bathrooms8
  • Laundry room Electric Dryer Hookup, Inside, Washer Hookup
  • APPLIANCES Dishwasher, Microwave, Refrigerator
  • other interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments

Area & Lot

  • Status For Sale
  • Living Area3,224 Sq.Ft.
  • Total Area3,224 Sq.Ft.
  • Lot Area0.35 Acres
  • MLS® IDOM723371
  • TypeMulti-Family
  • YEAR BUILT1991
  • NeighborhoodOcala
  • View DescriptionGarden

Exterior

  • STORIES1
  • water SourcePublic
  • utilitiesElectricity Connected, Sewer Connected, Water Connected
  • roofShingle
  • HEAT TYPECentral
  • AIR CONDITIONINGCentral Air
  • sewerPublic Sewer
  • SubstructureBlock
  • other exterior FeaturesSidewalk

Financial

  • Sales Price$550,000
  • Real Estate Tax $7,291/yr
  • Zoning R3
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Thank you for your interest in 840 NE 3RD ST, OCALA, FL 34470. We are reviewing your request and will be in touch shortly!

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