$650,000
4,020 Sqft
0.35 Acre Lot

1023 Ne 2nd St #1, Ocala, Florida 34470

  • Residential Income Property Type
  • 4,020 Sqft Square Footage
  • 1978 Year Built
Property Description

Welcome to an exceptional investment opportunity only a mile from Downtown Ocala! This renovated quadplex features four identical 2-bedroom, 1.5-bathroom units, each thoughtfully designed with quality finishes and modern upgrades. Each unit boasts a spacious layout, low maintenance kitchens with stainless steel appliances, stylish bathrooms, and in-unit laundry. Investors will be impressed by the financial performance of this property, offering a remarkable monthly rental income of $1,500/unit and an annual income of $72,000. One unit is currently used as an Airbnb and in 2024 produced $33,000, raising the potential income of the total property to $130,000+. Three units are currently vacant due to FULL REMODELS. Operating expenses are minimal, with landscaping at $100/mo and no other regular expenses. This property provides excellent cash flow and significant long-term appreciation potential. Preapproval or proof of funds is required. Don’t miss the opportunity to own this profitable and low-maintenance investment in a highly desirable area!

Basic Details
Residential Income
For Sale
OM709865
$650,000
4,020 Sqft
1978
0.35 Acre
Active
Quadruplex
: Shingle
Features
: Central
: Central Air
: Fence
: Ceiling Fans(s), PrimaryBedroom Upstairs, Living Room/Dining Room Combo
: Inside
: Public Sewer
: Public, Cable Available, Electricity Available, Electricity Connected, BB/HS Internet Available, Sewer Connected, Water Connected, Water - Multiple Meters
Address Map
US
FL
Marion
Ocala
OAK PARK CALDWELLS ADD
34470
2ND
1023
STREET
W83° 52' 27.4''
N29° 11' 19.5''
Take Exit 352 for FL-40 / Silver Springs Blvd toward Ocala. Head east on SR-40 / W Silver Springs Blvd (toward downtown Ocala). You’ll stay on this road for about 5 miles. Turn left onto NE 11th Ave. Go about 0.2 miles, then turn right onto NE 2nd St. Drive a few blocks — 1023 NE 2nd St will be on your left.
34470 - Ocala
NE
1
R3
Additional Info
ENGEL & VOLKERS OCALA
Edward Barry
$0
$0
Additional Information
: Block
: Slab
200x77
4
2025-09-19
https://www.propertypanorama.com/instaview/stellar/OM709865
: Public
Financial
9113.77
Listing Information
256503429
271516747
Active
2025-09-20T10:52:36Z
Stellar
: None
2025-09-19T19:49:59Z
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Contact Agent
Contact Us
407-615-0866