MARION OAKS BOULEVARD, Ocala, Florida, United States, 34473
139,000
for Sale
24,394
About the property:
Attention investors and developers. The county allows up to 12 units, up to three stories, making this a highly attractive multifamily development opportunity. City water and sewer will be required.
Strong rental demand in the area. Average rents for 2-bedroom, 2-bath units are approximately $1,500 per month. At full capacity, 12 units could generate around $18,000 per month, or approximately $216,000 annually in gross rental income.
Excellent potential for cash flow and long-term appreciation in a growing market. Ideal project for investors seeking high-return multifamily development.
- Property Type:
- Land
- Status:
- for Sale
- House Style:
- Other
- Acres:
- 0.56
- Area:
- 34473 - Ocala
- Directions:
- From Orlando, take Florida’s Turnpike north, then merge onto I-75 North. Take Exit 341 toward Marion Oaks (Marion Oaks Blvd), continue on Marion Oaks Blvd and turn onto SW 162nd Loop. The lot is located between Marion Oaks Blvd and SW 162nd Loop.
- Association Fee:
- 0
- Is Bed:
- Yes
- Is Land:
- Yes
- Is Market:
- Yes
- Is Other:
- Yes
- Is Unit:
- Yes
- Annual Property Taxes:
- 465
- Listing ID:
- OM718664
Rooms
Dimensions
Brokered by:
The Mount Dora Group
Presented By:
Presented By: