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Hwy 27 - Blichton Village 1.2 Acres of Commercial Land Offered at $490,000 in Ocala, FL 34475
INVESTMENT HIGHLIGHTS
- If you are a Developer this project is for you ready for the construction permit.
- Scalability: Easier for developers to build multiple units on a single parcel of land.
- Depreciation: You can deduct depreciation on the property, reducing taxable income.
- Investment Opportunity: High rental income potential.
- Location Benefits: Proximity to downtown offers tenants easy access to shopping, dining, and entertainment, increasing property desirability.
EXECUTIVE SUMMARY
-APPROVED Multi-family Developer Opportunity, 14 TOWNHOUSES ( $35 K per Door ) designed with 1400 sq ft, 2 bedrooms, 2 full and 1/2 baths, two stories with assigned parking. Building permit ready. Strong rental demand. . Strong Rental Demand: Ocala's growing population and economic development, including major distribution centers for companies like Amazon and FedEx, drive demand for rental housing, ensuring a steady tenant base.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$294,000
|
$245,000.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$294,000
|
$245,000.00
|
| Taxes |
$2,146
|
$1,788.33
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$2,146
|
$1,788.33
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $294,000 |
| Annual Per AC | $245,000.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $294,000 |
| Annual Per AC | $245,000.00 |
| Taxes | |
|---|---|
| Annual | $2,146 |
| Annual Per AC | $1,788.33 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $2,146 |
| Annual Per AC | $1,788.33 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
PROPERTY FACTS
| Price | $490,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units - Condo |
| No. Lots | 1 | Total Lot Size | 1.20 AC |
| Property Type | Land | ||
| Zoning | PUD - Advantages of Multifamily Zoning: Investment Opportunity: High rental income potential. Th subject property is designated 14 townhouse. | ||
| Price | $490,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 1.20 AC |
| Zoning | PUD - Advantages of Multifamily Zoning: Investment Opportunity: High rental income potential. Th subject property is designated 14 townhouse. |
1 LOT AVAILABLE
Lot 00
| Price | $490,000 | Lot Size | 1.20 AC |
| Price Per AC | $408,333.33 |
| Price | $490,000 |
| Price Per AC | $408,333.33 |
| Lot Size | 1.20 AC |
14 Townhouses Approval , Cornet Lot with 1.2 acres or 52,272 SF , minimizing site preparation, public water and sewer connection available, electric on site , located 2 miles from Downtown Ocala ,Fl
DESCRIPTION
Great investment in multi-family property located in the heart of Ocala, Florida, offering architect design, civil engineering plans, survey, environmental study, ready for construction permit. Located near convenient, schools, parks and main roads. The property is located on a main avenue, with a mix of residential and commercial properties, making it an ideal location for renters looking for comfort and convenience.
1 1
PROPERTY TAXES
| Parcel Number | 41200-062-00 | Total Assessment | $446,475 |
| Land Assessment | $0 | Annual Taxes | $2,146 |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
41200-062-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$446,475
Annual Taxes
$2,146
Tax Year
2024
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Hwy 27 - Blichton Village
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