10 Nw 21st PL, Ocala, FL
13.18% return
LP:
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Property Description

**New tenants! Rents are at $600 and $500** Awesome Quadplex! Solid building. Separate electric meters. Concrete block stucco. City water & sewer. Central Heat & Air. Two units are 2 bed 1 bath and other two are 1 bed 1 bath. Total of 4 units. Property is in good condition. Located in beautiful Ocala, FL! Professional property management is available!! Property can easily generate over $2200/month!

Property Information

  • Listing statusPending
  • Property typeMulti Family
  • Total units4
  • Total bedrooms6
  • Total bathrooms4
  • Building size2695 sq. ft.
  • Lot size0.4 acres
  • Year built1982
  • CountyMarion County
  • SubdivisionNORTH ROADS PARK
  • ConstructionCBS
  • RoofMETAL
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Asking price $160,000
  • Estimated rehab 1 $0
  • Total investment $160,000
  • Type Actual
  • Gross income (annually) $26,400
  • Operating expenses (annually) $5,319
  • Net income (annually) $21,081
  • Gross return 16.50%
  • Gross income (monthly) $2,200
  • Operating expenses (monthly) $443
  • Net income (monthly) $1,757
  • Net return 13.18%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / bath $600/month
  • Unit 2: 2 bed / bath $600/month
  • Unit 3: 1 bed / bath $500/month
  • Unit 4: 1 bed / bath $500/month
  • Total $2,200/month
  • Expenses
  • Property Taxes $82/month
  • Insurance $125/month
  • Maintenance reserve $167/month
  • Water bill $70/month
  • Total $443/month

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 the 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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