$126,900 pending
617 nw 26th street , ocala, FL 34475
Beds 5 | Baths 2 | 1,862 Sqft | 0.36 Acres |
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Property Description
Under contract-accepting backup offers. Discover the potential of this unique property, ideally suited for the experienced handyman or savvy investor. Located within the city limits and zoned R3, this versatile property features two homes on one lot, offering endless possibilities for income generation and renovation. Home 1: Immediate Income Potential The first home is currently rented, providing a steady stream of income from day one. This residence has charming features and solid bones, needing only minor updates and TLC to maximize its rental potential. Home 2: Full Rehab Project The second home on the property is a blank canvas awaiting your vision. This house requires a full rehabilitation, making it an ideal project for those with a keen eye for renovation. Transform this space into a stunning residence or another lucrative rental unit. Property Highlights: • Zoning: R3, offering flexibility for various uses. • Location: Conveniently located within city limits, ensuring easy access to amenities, public transportation, and vibrant city life. • Income Potential: One home is already generating rental income, while the other presents an excellent opportunity for value-add investment. • Investment Appeal: Perfect for experienced handymen, investors, or developers looking to capitalize on a property with significant upside. Opportunities: • Renovation: Fully rehab the second home to create additional rental income or increase property value. • Development: Explore potential for further development or enhancement due to the favorable R3 zoning. This property is a rare find with immense potential. Whether you're looking to expand your rental portfolio or undertake a rewarding renovation project, this unique property offers a promising investment opportunity. Bring your creativity and expertise to unlock its full potential!
General Information
Sale Price: $126,900
Price/SqFt: $68
Status: Pending
MLS#: O6205695
City: ocala
Post Office: ocala
County: Marion
Subdivision: mari-mere
Acres: 0.36
Lot Dimensions: 125 x 125
Bedrooms:5
Bathrooms:2 (2 full, 0 half)
House Size: 1,862 sq.ft.
Acreage: 0.36 est.
Year Built: 1958
Property Type: Single Family Residence
Style:
Features & Room Sizes
Paved Road: Asphalt
Garage: No
Construction: Wood Frame
Exterior Misc: Other
Basement: No
Foundation : Other
Appliances: None
Cooling: Other
Heating: None
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $2,117
Legal Description: SEC 06 TWP 15 RGE 22 PLAT BOOK C PAGE 029 MARIMERE BLK G LOTS 24.25.26.27.28
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Alissa Williams of WORTH CLARK REALTY, Phone: 800-991-6092