119 13Th Ave Ocala, FL 34471
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 119 13Th Ave
- Year built
- 1978
- Property type
- Small apartment buildings
Description
This exceptional 16-unit apartment building presents a compelling investment opportunity in Ocala, Florida. Located at 119 SE 13TH Avenue, this two-story property, built in 1978, sits on a substantial 45,302.4 square foot lot. The property currently operates as a quadruplex, offering a mix of apartment units. Each of the sixteen units features two bedrooms and one bathroom. Residents enjoy the convenience of an on-site laundry facility and dumpster for waste disposal. The property is currently managed off-site and boasts a remarkable 93% occupancy rate. Current rental income is below market value, presenting a significant opportunity for substantial return on investment through rental increases. The property's location in the historic Fort King area of Ocala offers both established appeal and potential for future growth. This well-maintained property is ready for a new owner to capitalize on its strong performance and significant upside potential. The asking price is $2,150,000. This is a rare chance to acquire a stable, high-performing multifamily asset in a desirable Florida location. The property's size and established occupancy make it an attractive investment for both seasoned and emerging real estate investors.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ocala
- County
- Marion
- State
- Florida
- Longitude
- -82.1213731
- Latitude
- 29.1847467
