2950 SE 53RD COURT, Ocala, FL 34480
Quadruplex - OCALA, FL
- Added:
- Apr 15, 2026
- Days on Market:
- 74
- Last Refresh:
- Jun 27 at 2:06 pm
Property Features for 2950 SE 53RD COURT
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- R3
- Bedrooms
- 6
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Pets allowed
- Yes
- Interior features
- Ceiling Fans(s), Eat-in Kitchen
- Exterior features
- Fence, Private Entrance
- Fencing
- Fenced
- Standard status
- Active
- APN
- 29698-001-12
- Size
- 3,417 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7046.59
- Expense value
- 142.7200012207
- Expense
- Home Owner Assessments Fee
- Expense freq.
- Monthly
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1984
- Number of units
- 4
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Tina White License #3435934 (956) 337-7160
Listing office EXP REALTY LLC 10752 Deerwood Park Blvd., Suite 100, Jacksonville, FL (888) 883-8509
Listing date Apr 15, 2026
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Quadplex built in 1984 with four 2‑bedroom, 2‑bath units and current monthly rents ranging from $1,300 to $1,400
- Three units currently leased and one recently vacated (Apt D $1,300/mo), creating immediate upside for a new tenant
- Recent upgrades include a new shingle roof in 2025 and a new $25,000 driveway in Dec 2025
- Renovations: two units updated with vinyl flooring and updated kitchens and bathrooms; two units remain unrenovated
- Central heating and central air; each unit includes a front porch and functional layout with eat‑in kitchen and ceiling fans
- HOA is $142.72/month and includes trash service; tenants pay water and electric
Overview
Recorded major improvements include a new roof completed in 2025 and a new $25,000 driveway added in December 2025. Landscaping is maintained weekly. The HOA is $142.72 per month and includes trash service. Tenants pay water and electric, which helps keep operating expenses separate from those utility costs.
Current rent roll includes Apt A at $1,400 per month through 03/31/2027, Apt B at $1,350 per month (renewed, Section 8), Apt C at $1,393 per month (Section 8), and Apt D at $1,300 per month (recently vacated). The seller has indicated a potential incentive of up to $5,000 toward buyer closing costs or prepaids with an acceptable offer. With leasing in place and clear unit-level renovation scope, this property is structured for investors or operators seeking a multi-unit income stream.
Local 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 | $96.4k | $28.20 |
| − Vacancy | −$6.1k | −$1.78 |
| EGI | $90.3k | $26.42 |
| − OpEx | −$40.6k | −$11.89 |
| NOI | $49.7k | $14.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ocala
- County
- Marion
- State
- Florida
- Longitude
- -82.061429
- Latitude
- 29.158803
