Showcase Listings


Welcome to our page of exclusive properties in North Central Florida. Our featured Ocala-Marion County listings range from single-family homes to luxury residences, vacant commercial, residential and agricultural land, equestrian farms, and more, all are located in and around the famous Horse Capital of the World™. Whatever your budget and property wish list, our experienced REALTORS® can help you find the right listing within your budget. We offer personalized, professional service that accounts for your lifestyle preferences and needs, such as a property with multiple barns or a horse track, a family home in a well-regarded school district, or a prime commercial development opportunity.

Browse listings or contact a Showcase Agent to find your dream home.

1302 NE 33Rd Avenue, Ocala, FL 34470 

Call us for more details or to schedule an exclusive walk through. (352) 351-4718


Listing IDT3327058
Sold For$3,732,000
StatusClosed
Sold Date12/07/2021
SqFt 32,144
Acres 1.930
CountyMarion
Year Built1974
Property TypeCommercial Sale
Property Sub TypeMulti-Family
A thirty-two-unit (32) multifamily investment opportunity in Ocala, FL. Turnkey investment with value add opportunities through continuing gradual rent increases currently being implemented. The property is of concrete construction with exterior masonry walls and the foundation is of reinforced concrete. It has central air conditioning. Flooring is a mix of carpet or vinyl in the common areas and tile or vinyl in the kitchens and bathrooms. The property has a lease to the laundry room of a nearby building, as well as a comfortable patio for residents to relax. The units also have a storage closet as well as walk-in closets. It is strategically located near the downtown area creating great visibility and desirability from residents. Historically, it has had a high level of occupancy. There are four buildings built-in 1974. It has been priced for sale at an attractive market cap rate of 5.15% based on current market rents. The Pro-forma cap rate is 6.0% and can be achieved by increasing rents by $100. This type of investment is a rare find in the United States' current compressing cap rate environment, especially in Florida where there is no state income tax. Capital improvements of over $150,000 were completed within the last 4 years. They include 2 roof replacements, 15 HVAC units, water heaters, several carpet replacements, new appliances in several units, and much more. Opportunity Zone expires on December 31, 2021.
Listing information courtesy of Paulino Global Real Estate.

Listing information ©My Florida Regional MLS DBA Stellar MLS 2022. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on Monday, January 17th, 2022 at 11:59:10 AM.

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Find The Perfect Home in Ocala

Why Ocala?

Located in Marion County, less than two hours from both coasts and Orlando’s renowned attractions, Ocala is home to about 56,000 people, many of whom are horse lovers. In Ocala, you’ll find a passionate equestrian community, a diverse college student population, and proximity to one of the country’s largest retirement communities, The Villages. Nearby, Gainesville is home to the University of Florida and world-class medical care. Ocala residents are united by their love of Marion County, and the enjoyable lifestyle it offers.

In terms of infrastructure, Ocala is conveniently located near several highways and within 100 miles of six different passenger-service airports. In the region itself, there is a nice mix of land zoning including residential, commercial, and agricultural. Today, there are more than 900 equestrian farms, breeding, and training facilities.

Why Choose Showcase?

Our large and experienced team of real estate professionals has decades of experience helping buyers and sellers make the most important decisions of their lives with confidence and peace of mind. When you work with Showcase, you can rest assured that we are fiercely committed to your success, with the local expertise and market insight to make it happen. We are also devoted to the Marion County region and can speak at length about all the things we love here. Besides the featured listings on this page, our real estate services also extend to:

Contact an Ocala real estate agent to begin discovering Ocala, and to find a home that’s right for you.

 

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