TWO DUPLEXES on one lot (FOUR UNITS) - Great Opportunity to increase rents.

322 NW 25th St, Ocala, FL 34475

$285,000 After Repair Value -
$225,000 Asking Price -
$20,000 Cost of Repairs =
$40,000 Potential Profit

Property Details

Asking Price $225,000

After Repair Value $285,000

Costs of Repairs $20,000

Potential Profit $40,000

Living Area 3334 ft2

Property Type 4-Plex

Bedrooms 0

Bathrooms 4

Half Bathrooms N/A

Parking 0

Listed with Agent 1

Property Description

Fantastic opportunity with these TWO DUPLEXES on one lot. Two separate buildings on the same lot. All four units are 2 bed/1 bath. The buildings are surrounded by trees and the side street ends into the Toms Park. Plenty of space between the two buildings for added privacy.One building (two units) are vacant and need to be turned for new tenants. The other building is fully leased but below market rents (one month-to-month, and the other terminating on Dec 31, 2019). This is a huge opportunity to bring the rents up to market between $725 and $775 each!

Repairs Needed

Patch stucco, paint cabinets, paint interior and exterior, new windows (in two units), bath trim, etc


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