🔥Hot Off Market: High-Yield Opportunity in Ocala!💵

Description

🔥HOT OFF MARKET: HIGH-YIELD OPPORTUNITY IN OCALA!💵

🏡 PROPERTY DETAILS:
3 Bed / 2 Bath / Carport
Livable Area: 1,551 sqft (per tax records)
Lot Size: 26,136 sqft
Year Built: 1976 (Block Construction)
💰 FINANCIALS:
ARV: $235,000
Asking Price: $119,000
EMD: $5,000
Close of Escrow: 5/22/24
Market Rent: $1,800/month

🔍 COMPARABLE SALES:
392 SE 61st Ct: Sold for $345k on 11/23 (4 beds / 2 baths, 1,751 sqft, built in 2023)
185 SE 62nd Ave: Sold for $260k on 5/23 (Updated, 3 beds / 2 baths, 1,462 sqft, built in 1997)
5930 SE 5th Pl: Sold for $275k on 11/23 (3 beds / 2 baths, 1,610 sqft, built in 1991)
✨ PROPERTY HIGHLIGHTS:
Spacious Lot: Generous 26,136 sqft lot offering ample outdoor space.
Solid Structure: Built with durable block construction in 1976.
Current Condition: Equipped with a 15-year-old metal roof; AC needs replacement.
High Rental Income Potential: Market rent estimated at $1,800/month.
💼 WHY INVEST HERE?
Prime Location: Located in the desirable Ocala area, close to amenities and major roads.
Great ROI: Significant upside with an ARV of $235,000 and an asking price of only $119,000.
Excellent Comparables: Similar properties in the area have sold for significantly higher prices.