About 1023 Ne 2nd Street 1
Welcome to an exceptional investment opportunity only a mile from Downtown Ocala! This renovated quadplex features four identical 2-bedroom, 1.5-bathroom units, each thoughtfully designed with quality finishes and modern upgrades. Each unit boasts a spacious layout, low maintenance kitchens with stainless steel appliances, stylish bathrooms, and in-unit laundry. Investors will be impressed by the financial performance of this property, offering a remarkable monthly rental income of $1,500/unit and an annual income of $72,000. One unit is currently used as an Airbnb and in 2024 produced $33,000, raising the potential income of the total property to $130,000+. Three units are currently vacant due to FULL REMODELS. Operating expenses are minimal, with landscaping at $100/mo and no other regular expenses. This property provides excellent cash flow and significant long-term appreciation potential. Preapproval or proof of funds is required. Don’t miss the opportunity to own this profitable and low-maintenance investment in a highly desirable area!
Residential Income home sold in OCALA, FL at 1023 Ne 2nd Street 1. This Residential Income home is priced at $162/sqft
Features of 1023 Ne 2nd Street 1
| MLS® # | OM709865 |
|---|---|
| Price | $650,000 |
| Sold Price | $625,000 |
| Date Sold | October 13th, 2025 |
| Bathrooms | 0.00 |
| Square Footage | 4,020 |
| Acres | 0.35 |
| Year Built | 1978 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Sold |
Community Information: Ocala
| Address | 1023 Ne 2nd Street 1 |
|---|---|
| Area | Ocala |
| Subdivision | OAK PARK CALDWELLS ADD |
| City | OCALA |
| County | Marion |
| State | FL |
| Zip Code | 34470 |
Amenities of 1023 Ne 2nd Street 1
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior of 1023 Ne 2nd Street 1
| Interior Features | Ceiling Fans(s), Living Room/Dining Room Combo, PrimaryBedroom Upstairs |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Fireplace | No |
Exterior of 1023 Ne 2nd Street 1
| Exterior Features | Fence |
|---|---|
| Roof | Shingle |
| Foundation | Slab |
Additional Information On 1023 Ne 2nd Street 1
| Date Listed | September 19th, 2025 |
|---|---|
| Days on Market | 3 |
| Zoning | R3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | ENGEL & VOLKERS OCALA |
|---|