About 34 Nw 21st Place
Income-producing 4-unit multifamily property with strong cash flow and value-add potential in Ocala. This property features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, offering flexibility and consistent rental demand. One unit has been renovated with updated kitchen, bathroom, and vinyl flooring, while the remaining units provide an excellent opportunity for future upgrades and increased rental income. Major updates include a NEW ROOF (2025) and ongoing maintenance, with landscaping serviced weekly. All units are currently rented, providing immediate income. Tenant-paid utilities include electricity, sewer, and trash, with owner only responsible for water (approximately $120/month), helping maximize net returns. Lease structure offers both stability and upside, with two long-term leases in place and additional opportunity to adjust rents as units turn. Section 8 tenants in place provide consistent and reliable income. NO HOA. Ideal for investors seeking a stabilized asset with immediate cash flow and the ability to further increase returns through strategic improvements. Units #34 and #36 are currently vacant.
Features of 34 Nw 21st Place
| MLS® # | TB8498558 |
|---|---|
| Price | $475,000 |
| Square Footage | 2,695 |
| Acres | 0.23 |
| Year Built | 1981 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Listing Details
| Office | EXP REALTY LLC |
|---|
Listing Map
Neighborhood Information for 34 Nw 21st Place
Low Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Vanguard High School Public - 9Th Grade to 12Th Grade - Closest High School |
0 Miles | |
|
Oakcrest Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
1 Miles | |
|
|
New Horizon Academy Private - Kindergarten to 12Th Grade |
1 Miles | |
|
Wyomina Park Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
|
|
Howard Middle School Public - 6Th Grade to 8Th Grade - Closest Middle School |
1 Miles | |
|
|
Evergreen Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
|
|
First Assembly Christian School & Daycare Private - Preschool to 9Th Grade |
1 Miles |
School data provided by GreatSchools