3750 Ne 41st Street, Ocala, FL
9.57% return
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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
  • ConstructionCBS
  • RoofShingle
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Asking price $220,000
  • Estimated rehab 1 $0
  • Total investment $220,000
  • Type Actual
  • Gross income (annually) $31,200
  • Operating expenses (annually) $10,146
  • Net income (annually) $21,054
  • Gross return 14.18%
  • Gross income (monthly) $2,600
  • Operating expenses (monthly) $846
  • Net income (monthly) $1,754
  • Net return 9.57%

Property Income & Expenses

  • 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.

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