1. Florida
  2. Ocala
  3. 1023 NE 2ND STREET 1
$650,000

1023 NE 2ND STREET 1, Ocala, FL 34470

  • 4,020 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1978
  • Property Lot Size Icon0.35acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $162/sqft
  • Property List Date Icon Listed 3 days ago

Property Description

Welcome to an exceptional investment opportunity only a mile from Downtown Ocala! This renovated quadplex features four identical 2-bedroom, 1.5-bathroom units, each thoughtfully designed with quality finishes and modern upgrades. Each unit boasts a spacious layout, low maintenance kitchens with stainless steel appliances, stylish bathrooms, and in-unit laundry. Investors will be impressed by the financial performance of this property, offering a remarkable monthly rental income of $1,500/unit and an annual income of $72,000. One unit is currently used as an Airbnb and in 2024 produced $33,000, raising the potential income of the total property to $130,000+. Three units are currently vacant due to FULL REMODELS. Operating expenses are minimal, with landscaping at $100/mo and no other regular expenses. This property provides excellent cash flow and significant long-term appreciation potential. 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!

Listing Status:
Active
Date Added:
September 19, 2025 at 05:00AM
Listing Office:
ENGEL & VOLKERS OCALA : 352-820-4770
Listing Agent:
Edward Barry : 352-272-9717
MLS ID:
OM709865
  • General: Ceiling Fan(s)Living Room/Dining Room ComboPrimaryBedroom Upstairs
  • Laundry: Inside
  • A/C: Central Air
  • Heating: Central

This listing courtesy of Edward Barry, ENGEL & VOLKERS OCALA

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Wyomina Park Elementary School

511 NE 12th Ave, Ocala, FL, 34470

Grades PK-5

0.30 miles away

O

Osceola Middle School

526 SE Tuscawilla Ave, Ocala, FL, 34471

Grades 6-8

0.63 miles away

P

Pace Center for Girls Inc.

328 NE 1st Ave Ste 500, Ocala, FL, 34470

Grades 6-12

0.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.