Turnkey four-plex investment

4-Plex | Block Construction | 3,233 sf | 0.28 acre lot | 1982 built

Turnkey four-plex investment offering immediate rental income with minimal deferred maintenance. Three units are currently rented with one unit vacant, allowing for upside through lease-up. Solid block construction with a 2015 roof and 2012 A/C. No HOA. Property has been maintained with no renovation required to continue operating. Strong opportunity for a stabilized cash-flow hold with additional upside once the vacant unit is placed at market rent.

Occupancy: 3 Units Rented, 1 Vacant
Lease Available: Yes
Pro Forma Rent: $4,950
Cash Flow After PITI: $1,462

Comparables:
1820 SE 40th Street Rd, Ocala, FL 34480 | 8 Beds | 4 Baths | 3,233 sf | Sold $559,000
2000 SE 40th St Rd, Ocala, FL 34480 | 8 Beds | 4 Baths | 3,233 sf | Sold $535,000
4091 SE 22nd Ave, Ocala, FL 34480 | 6 Beds | 3 Baths | 3,168 sf | Sold $450,000