Turnkey Income-Producing Quadplex
For Sale
$699,999
4151 SE 22ND Ave, Ocala, FL 34480
Well-maintained quadplex with immediate cash flow and long-term stability.
Property Size3,870 SF
Price / SF$180.88
Days on Market74
Property Features for 4151 SE 22ND Ave
General Information
Standard status
Active
Size
3,870 SF
Property subtype
Investment
Building Details
Year Built
1981
Listing Agency:
WIECHENS REALTY INC
(352) 300-6913
Listed By:
Joshua Markham · License #SL3510239
(352) 300-6913
Source:
Elliman
Added: May 21
Changed: Jul 10
Last Checked: Aug 2 at 8:04AM
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 WIECHENS REALTY INC
Investment Insights
Based on property information with market context.
This turnkey income-producing quadplex presents an opportunity for immediate cash flow and long-term investment stability. The well-maintained 3,870 square foot multifamily property features four fully leased units, each with two bedrooms and one bathroom. Each unit generates $1,400 per month in rental income. In 2021, the property underwent extensive improvements, including a new roof and fully remodeled interiors with updated flooring, cabinets, and modern finishes, along with substantial upgrades to the plumbing and electrical systems. The property offers a low-maintenance investment opportunity with strong income potential and long-term upside. It is ideal for investors seeking a turnkey multifamily asset with immediate returns. The bike score is 37, indicating it is somewhat bikeable. The walk score is 3, indicating car-dependent surroundings. The transit score is 16, indicating minimal transit options.
Key Highlights
- Turnkey quadplex providing immediate cash flow with all units fully leased.
- Strong and consistent revenue stream: each unit generates $1,400/month.
- Extensive renovations completed in 2021: new roof, remodeled interiors, updated plumbing and electrical systems.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.1k | $28.20 |
| − Vacancy | −$6.9k | −$1.78 |
| EGI | $102.3k | $26.42 |
| − OpEx | −$46.0k | −$11.89 |
| NOI | $56.2k | $14.53 |
3,870 SF · lease $28.20/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$803.5K
$703.0K – $937.4K
NOI $56,242 @ 7.0% cap · market cap 8.03%
Second Best
Multifamily LT 5
$799.0K
$699.2K – $932.2K
NOI $55,932 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$2.11M
$1.85M – $2.47M
NOI $147,932 @ 7.0% cap · market cap 21.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Explore this area
Business Placement
Demographics for 34480, FL
21,709
Population
9,864
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
35.2 sq mi
ZIP Area
617
Density / Sq Mi
$75,334
Median Household Income
$40,953
Median Earnings
$1,238
Median Rent
$248,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained quadplex with immediate cash flow and long-term stability.
Where is this quadplex located?
The property is located at 4151 SE 22ND Ave Ocala, FL.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Turnkey quadplex providing immediate cash flow with all units fully leased.; Strong and consistent revenue stream: each unit generates $1,400/month.; Extensive renovations completed in 2021: new roof, remodeled interiors, updated plumbing and electrical systems.
