3750 Ne 41st Street, Ocala, FL

9.57% return

SP: $220,000

Video Photos Street View Map

The slide show is now full screen. Push Escape to exit. You can use the left/right arrows and Home/End buttons to navigate the images.

Property Description

Hot New Listing! Renovated Investment Property. Each Unit Is Two bedroom, One bath. Currently Fully Occupied. Can Rent For $750/month Each Unit. Property Is In Great Shape. This Place Has Brand New Water Heaters Replaced in 2018, Roof and A/C Units Recently Redone, Has a New Kitchen With Granite Counter Tops. Separate Electric Meters, City Water and Sewer. Very Low Expenses, Little To No Maintenance.

Property Information

Listing statusSold
Property typeMulti Family
Total units4
Total bedrooms8
Total bathrooms4
Building size3144 sq. ft.
Lot size0.4 acres
Year built1983

CountyMarion County
SubdivisionGEORGE S MAYO OF SILVER SPRINGS PARK
ConstructionCBS
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingCentral
CoolingCentral air

Property Financial Summary

Sale price$220,000
Estimated rehab¹$0
Total investment$220,000

TypeActual

Gross income (annually)$31,200
Operating expenses (annually)$10,146
Net income (annually)$21,054
Gross return14.18%

Gross income (monthly)$2,600
Operating expenses (monthly)$846
Net income (monthly)$1,754
Net return9.57%

Property Income & ExpensesMonthlyAnnual

Income

Unit A: 2 bed / 1 bath$675/month$8,100/year
Unit B: 2 bed / 1 bath$650/month$7,800/year
Unit C: 2 bed / 1 bath$650/month$7,800/year
Unit D: 2 bed / 1 bath$625/month$7,500/year
Total$2,600/month$31,200/year

Expenses

Property Taxes$226/month$2,706/year
Insurance$150/month$1,800/year
Water and Sewer$180/month$2,160/year
Lawn care$40/month$480/year
Maintenance reserve$250/month$3,000/year
Total$846/month$10,146/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.