Sold
Last Sold Price
3,233 sqft

1870 SE 40th Street Rd, Ocala, FL 34480

Multi FamilyProperty Type
0.28 acresLot Size
1982Year Built
$152/sq ftPrice per sq ft

Description

Available Now! Possible owner occupant FHA financing. 7% actual capitalization rate. This quadruplex is one of two offered for sale in the same neighborhood! Please see listing OM673200 for details on the other. This high income producing quadruplex is located the popular SE area of town. This quadruplex features four wonderfully renovated 2/1 units. All of the units are presently occupied but one will be vacant Mid March / April to allow for owner occupant FHA financing opportunity. The nearby amenities...Available Now! Possible owner occupant FHA financing. 7% actual capitalization rate. This quadruplex is one of two offered for sale in the same neighborhood! Please see listing OM673200 for details on the other. This high income producing quadruplex is located the popular SE area of town. This quadruplex features four wonderfully renovated 2/1 units. All of the units are presently occupied but one will be vacant Mid March / April to allow for owner occupant FHA financing opportunity. The nearby amenities such as schools, groceries, shopping centers, and restaurants create a high rental rate. This translates into a very profitable opportunity for any new owner. Each unit is outfitted with its separately metered gas, washer, sewer, and electric. Overall the high rental rates, excellent location, and ease of management make this a very lucrative opportunity. Please inquire today. Also for sale is nearby neighboring quadruplex OM673200.
  • Listed by: Bradley Busch • BUSCH REALTY
Listing closed: 06/12/2024 12:00 AM • Source: MFRMLS, MLS#: OM673198
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Recent comparable sales

Median sold price

$489,000

Avg days on market

42

Sale-to-list ratio

95.8%

Ocala, FL

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Location

Listing Courtesy of BUSCH REALTY

Sold By PEOPLE'S TRUST REALTY

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$3,079 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,616

Property Taxes

$463

HOA Dues

$0

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Property Information for 1870 Southeast 40th Street Road

Property Details

  • Taxes: $5,559 / year
  • MLS Type: Commercial Sale / Multi-Family
  • Subdivision Name: CITRUS PARK
  • Township: 15S
  • Waterfront: No

Building Information

  • Stories: 1
  • Residences: 4
  • Year Built: 1982
  • Lot Size: 0.28 AC / 12,197 SF

Summary

Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 3793.0
  • Building Area Units: Square Feet
  • Directions: Heading North on 441 turn right onto SE Lake Weir Avenue, then right onto SE 38th St. Then turn right on SE 22nd Ave, and then right on SE 40th St and the property will be on the left.
  • Mls Major Change Type: Sold
  • Major Change Type: Closed
  • Listing Service: Full Service
  • Road Frontage Type: County Road
  • Unit Number: No
  • Street Number: 1870
  • Street Direction Prefix: SE
  • Street Name: 40TH STREET
  • Street Suffix: ROAD
  • State: FL
  • City: OCALA
Parking
  • Parking Features: 6 to 12 Spaces
Taxes and HOA Information
  • Tax Block: A
  • Tax Book Number: S-014CITRUS
  • Tax Legal Description: SEC 33 TWP 15 RGE 22 PLAT BOOK S PAGE 014 CITRUS PARK BLK A LOT 12
  • Tax Lot: 12
  • Tax Year: 2023
Virtual Tour

Property

Lot Information
  • Additional Parcels: No
  • Lot Size Dimensions: 100x120
  • Parcel Number: 3120-001-012
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: R3
  • Living Area: 3233
  • Lot Dimensions: 100x120
Property and Assessments
  • Year Built Numeric: 1982
  • Adjoining Property: Multi-Family
  • Flood Zone Code: X
  • Net Operating Income: $33,217
  • New Construction: No
  • Numof Restrooms: 4
  • Property Condition: Completed
  • Public Survey Range: 22E
  • Public Survey Section: 33
  • Dock YN: No
Utilities
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Capable
  • Water Source: Public

Interior and Exterior Features

Exterior Features
  • Construction Materials: Wood Siding
  • Foundation Details: Block
  • Levels: One
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
  • Number Of Stories: 1
Interior Features
  • Ceiling Type: Drywall
  • Cooling: Central Air
  • Heating: Heat Pump
  • Living Area Source: Appraiser
  • Living Area Units: Square Feet
  • Water View: No

Property History for 1870 Southeast 40th Street Road

DateEvent & SourcePriceAppreciation
Jun 12, 2024

Sold

MFRMLS #OM673198

$490,000—
Jun 10, 2024

Sold (Public Record)

Public Record #1535516335

$490,000

+27.9% / yr

Apr 22, 2024

Pending

MFRMLS #OM673198

—
DateEvent & SourcePrice
06/12/2024

Sold

MFRMLS #OM673198

$490,000
06/10/2024

Sold (Public Record)

Public Record #1535516335

$490,000

+27.9% / yr

04/22/2024

Pending

MFRMLS #OM673198

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

1870 Southeast 40th Street Road

Baths

4

Total Finished SqFt

3,233 SqFt

Above Grade Finished SqFt

3,233 SqFt

Stories

1

Lot Size

12,197 SqFt

Style

Quadraplex

Schools near 1870 Southeast 40th Street Road

This home is within Marion County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
South Ocala Elementary School
PublicPK to 5

Osceola Middle School
Public6 to 8

Forest High School
Public9 to 12

Francis Marion Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1870 Southeast 40th Street Road, Ocala, FL 34480
$490,000
–
–
3,233
12,197
$130,000
7
3,233
12,197
$225,000
–
4
3,233
12,197
–
–
2
2,236
13,939
$375,000
8
4
3,233
11,761
$456,500
–
4
3,233
13,939

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BUSCH REALTY

Based on information from one of the following Multiple Listing Services: Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.