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For sale
Residential income properties
FL
Ocala
34471
2402 SW 20TH TERRACE

Updated Villa with Modern Amenities

2402 SW 20TH TERRACE, Ocala, FL 34471

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For Sale

$245,000

Charming 3-bedroom, 2-bathroom villa with modern updates and community amenities.

Type:Condo/Townhome

Property size:

1,515 SF

Lot size:

0.05 Acres

Price / SF:

$161/SF

HighLights

End‑unit villa offering added privacy and abundant natural light.
Modern, upgraded kitchen with ample counter space and sleek cabinetry.
HOA covers lawn care and pest control for maintenance‑free living.
Enjoy the community center with pool, fitness center, and tennis courts.
Primary suite with en‑suite bathroom.
Attached garage with electric vehicle charger.

We can help!

Contact an agent

Ashley Fulford

For Sale

$245,000

Charming 3-bedroom, 2-bathroom villa with modern updates and community amenities.

Type:Condo/Townhome

Property size:

1,515 SF

Lot size:

0.05 Acres

Price / SF:

$161/SF

Added:: Nov 27, 2024
Days on Market:: 577
Last Refresh:: May 20 at 1:17 am

Property Features for 2402 SW 20TH TERRACE

General Information

Standard status: Active
Size: 1,515 SF
Lot size: 0.05 Acres
Property subtype: Condo/Townhome

Building Details

Year Built: 1997

We can help!

Contact an agent

Ashley Fulford

Listing office MARK SPAIN REAL ESTATE

Listing date Nov 27, 2024

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of MARK SPAIN REAL ESTATE

HighLights

End‑unit villa offering added privacy and abundant natural light.
Modern, upgraded kitchen with ample counter space and sleek cabinetry.
HOA covers lawn care and pest control for maintenance‑free living.
Enjoy the community center with pool, fitness center, and tennis courts.
Primary suite with en‑suite bathroom.
Attached garage with electric vehicle charger.

Overview

This 1,515 square foot villa features 3 bedrooms and 2 bathrooms. As an end unit, the home benefits from added privacy and natural light. The property includes a spacious living area with an open-concept layout that flows into an upgraded kitchen. The kitchen features ample counter space, sleek cabinetry, and contemporary finishes. The primary suite includes an en-suite bathroom. Two additional bedrooms offer flexibility for guests, an office, or hobbies. The attached garage is equipped with an electric vehicle charger. The Homeowners Association (HOA) covers lawn care and pest control. Community amenities include a pool, a fitness center, and tennis courts.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$42.7k	$28.20
− Vacancy	−$2.7k	−$1.78
EGI	$40.0k	$26.42
− OpEx	−$18.0k	−$11.89
NOI	$22.0k	$14.53

1,515 SF · lease $28.20/SF/yr · vacancy 6.30% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$314.5K

$275.2K – $367.0K (±1% cap)

NOI $22,017 @ 7.0% cap · market cap 8.99%

Second Best

—

no second resolved use

Theoretical Best

Office A

$827.3K

$723.9K – $965.2K (±1% cap)

NOI $57,911 @ 7.0% cap · market cap 23.64%

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

Property Profile Location Intelligence

Current Use by Public Records

Residential income properties

Suggested Use

Location Insight

Map
Local Demand

City: Ocala
County: Marion
State: Florida
Longitude: -82.1571764
Latitude: 29.16489

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For sale
Residential income properties
FL
Ocala
34471
2402 SW 20TH TERRACE

What type of property is this?

Residential income property - Charming 3-bedroom, 2-bathroom villa with modern updates and community amenities.

Where is this residential income property located?

The property is located at 2402 SW 20TH TERRACE Ocala, FL.

What is the asking price?

The asking price for this property is $245,000.

What are key features of this property?

This property features: End‑unit villa offering added privacy and abundant natural light.; Modern, upgraded kitchen with ample counter space and sleek cabinetry.; HOA covers lawn care and pest control for maintenance‑free living.