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34 NW 21ST PLACE

Multi-family For Sale
$475,000

BTC: 5.93750000

ETH: 197.91666667

129 days
0 room(s)
2,695 sqft

Overview

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.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1981
Lot:
0.23 Acres
Heating:
Central
Price/sqft:
$176
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$4,884
2025
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Open Floorplan

  • Property

    • Exterior Features: Private Entrance

    Lot

    • Lot: 0.23 Acres

    Other Property Information

    • Parcel Number: 2511012000

    • Zoning: R3

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $4,885

  • Source details

    • MLS ID: TB8498558

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Inside

    • Living Area: 2695

    • Water Source: Public

    • Lot Size Dimensions: 100 x 100

    • Subdivision Name: NORTH ROADS PARK

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: EXP REALTY LLC