2950 SE 53rd Court, Ocala, FL 34480
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
Listed by: tina white
Office: exp realty llc.
MLS#:TB8498918
Source:MFRMLS
Price summary
- Price:$589,000
- Price per sq. ft.:$172.37
- Monthly HOA dues:$142
About this home
11% CAP RATE. Investor opportunity in desirable Southeast Ocala! This quadplex consists of four 2-bedroom, 2-bathroom units generating approximately $5,443/month ($65,316 annually) at full occupancy. Currently, three units are leased with one recently vacated—offering immediate upside to place a new tenant at market rent or for potential owner-occupancy.
Current rent roll:
Apt A – $1,400/mo (lease through 03/31/2027)
Apt B – $1,350/mo (renewed, Section 8)
Apt C – $1,393/mo (Section 8)
Apt D – $1,300/mo (recently vacated).
Two units have been renovated with vinyl flooring, updated kitchens, and bathrooms, while two remain unrenovated with tile flooring, providing clear value-add potential to increase rents and returns. Each unit features a front porch, functional layouts, and strong tenant appeal.
Major improvements include a new roof (2025) and a new $25,000 driveway (Dec 2025). Landscaping is maintained weekly. HOA is $142.72/month and includes trash service. Tenants pay water and electric, helping keep operating expenses low.
Conveniently located near shopping, dining, and major roadways, supporting consistent rental demand in Ocala’s growing market. Whether you're looking for a cash-flowing asset with upside or a value-add opportunity, this property delivers. Schedule your showing today!...
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Home facts
- Year built:1984
- Listing ID #:TB8498918
- Added:47 day(s) ago
- Updated:June 09, 2026 at 02:53 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Dining Description:Eat In Kitchen
- Kitchen Description:Eat-in Kitchen
- Living area:3,417 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1984
- Building area:3,417 sq. ft.
- Lot area:0.25 Acres
- Construction Materials:Block
- Exterior Features:Fence
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Septic Tank, Sewer Connected
Finances and disclosures
- Price:$589,000
- Price per sq. ft.:$172.37
- Tax amount:$7,047 (2025)
Features and amenities
- Laundry features:Inside
- Amenities:Ceiling Fans(s), Eat-in Kitchen
- Pool features:Public Pool
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