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15-Unit Apartment Property
For Sale
$1,799,000

12120 SE 53RD TERRACE ROAD All Units, Belleview, FL 34420

Multiple apartment buildings share one parcel with a mix of one- and two-bedroom units.

Property Size11,898 SF
Price / SF$151.20
Days on Market1162

Property Features for 12120 SE 53RD TERRACE ROAD All Units

General Information

Standard status Active
Size 11,898 SF
Property subtype Multi Family

Units

Unit Mix 12 x 2/1, 3 x 1/1
Multifamily Units 15

Taxes and HOA fees

Annual Taxes $14,728

Building Details

Year Built 1984
Buildings 7
Listing Agency: COLDWELL BANKER ELLISON REALTY O
Listed By: Christopher Swor LLC · License #3243765
Source: Exitrealty
Added: Jun 27, 2023 Changed: Aug 30 Last Checked: Aug 30 at 2:28PM

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 COLDWELL BANKER ELLISON REALTY O

Investment Insights

Based on property information with market context.

This apartment property includes 15 units across six duplexes and one triplex on a single parcel. The unit mix comprises 12 two-bedroom, one-bath residences and three one-bedroom, one-bath residences. The buildings were constructed in 1984 and contain a combined 11,898 square feet.

The property is located at 12120 SE 53RD TERRACE ROAD All Units in Belleview, Florida, within southern Marion County. Belleview sits between Ocala and The Villages, with the property positioned near the large-scale development identified in the source information as The Villages.

Key Highlights

  • 15 units across 6 duplexes and 1 triplex
  • Unit mix includes 12 2/1s and 3 1/1s
  • 11,898 square feet across the property

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Restaurant Pharmacy Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

15
Residential units

Location Intelligence

Trade Area within ½ mile

78
Businesses Nearby

Demographics for 34420, FL

17,969
Population
8,555
Households
2.1
Avg Household Size
45
Median Age
14%
College-Educated
91%
High-School Grad
24.1 sq mi
ZIP Area
746
Density / Sq Mi
$52,551
Median Household Income
$34,599
Median Earnings
$909
Median Rent
$192,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multiple apartment buildings share one parcel with a mix of one- and two-bedroom units.
Where is this apartment building located?
The property is located at 12120 SE 53RD TERRACE ROAD All Units Belleview, FL.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: 15 units across 6 duplexes and 1 triplex; Unit mix includes 12 2/1s and 3 1/1s; 11,898 square feet across the property
More about this property
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