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    120 Sanchez Ave Ocala, FL 34470

    Sponsored
    For Sale
    $440,000

    Historic Charm, Modern Updates, High Rental Income

    Property size:
    1,565 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This stunning 1,565 sq ft mixed-use property in Ocala's historic district offers a unique blend of historic charm and modern convenience. The main house, a beautifully renovated 2-bedroom, 2.5-bathroom home, features two master suites, updated electric and plumbing, a new roof, and preserved original hardwood floors. A covered front porch and a landscaped courtyard-style backyard with a covered side porch and patio provide ample space for relaxation and entertaining. A detached 1-bedroom, 1-bathroom cottage with its own kitchen, private entrance, parking, and yard offers significant rental potential, ideal for guests or generating additional income. Currently leased as a successful Airbnb through March, this property boasts a proven track record of consistent rental income. The main house also has potential for a separate full-term lease at $2,500 per month. Situated on a desirable 0.17-acre corner lot, this property offers convenient access to downtown Ocala's shops, restaurants, and amenities. This exceptional property presents a rare opportunity for both homeowners and investors seeking a profitable and historically significant investment. The property's versatility and proven rental history make it an attractive option for those seeking immediate income generation and long-term appreciation. The combination of a charming main house and a separate income-producing cottage provides a unique and lucrative investment opportunity in a prime Ocala location.

    Property Features for 120 Sanchez Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,565 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1918
    Property Profile Location Intelligence

    Current Use by Public Records

    Brick City Property ... Property Management Company

    Suggested Use

    Restaurant Realty agency Dental Office Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.13161
    Latitude
    29.18831

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    FAQs

    What type of property is this?
    Mixed-use property - Historic Charm, Modern Updates, High Rental Income
    Where is this mixed-use property located?
    The property is located at 120 Sanchez Ave Ocala, FL.
    What is the asking price?
    The asking price for this property is $440,000.
    (352) 653-3330
    Request Owner's contact information
    120 Sanchez Ave Ocala, FL 34470
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    Ocala, FL 34470
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Sanchez Ave Ocala, FL 34470
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