Description

Attention investors and developers. The county allows up to 12 units, up to three stories, making this a highly attractive multifamily development opportunity. City water and sewer will be required. Strong rental demand in the area. Average rents for 2-bedroom, 2-bath units are approximately $1,500 per month. At full capacity, 12 units could generate around $18,000 per month, or approximately $216,000 annually in gross rental income. Excellent potential for cash flow and long-term appreciation in a growing market. Ideal project for investors seeking high-return multifamily development.

Location

0000 MARION OAKS BOULEVARD, OCALA, FL

Open in OpenStreetMap

Verified by bzaico

Identity-confirmed broker, license checked against the state board on the day of listing. Title and tax records cross-referenced by RENA. Discrepancies, if any, are surfaced in the deal room.