$126,900
Active
23 Days Online
5 Beds2 Baths1,862 SQFT
Active

617 NW 26th Street Ocala, FL 34475

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Discover the potential of this unique property, ideally suited for the experienced handyman or savvy investor. Located within the city limits and zoned R3, this versatile property features two homes on one lot, offering endless possibilities for income generation and renovation. Home 1: Immediate Income Potential The first home is currently rented, providing a steady stream of income from day one. This residence has charming features and solid bones, needing only minor updates and TLC to maximize its rental potential. Home 2: Full Rehab Project The second home on the property is a blank canvas awaiting your vision. This house requires a full rehabilitation, making it an ideal project for those with a keen eye for renovation. Transform this space into a stunning residence or another lucrative rental unit. Property Highlights: • Zoning: R3, offering flexibility for various uses. • Location: Conveniently located within city limits, ensuring easy access to amenities, public transportation, and vibrant city life. • Income Potential: One home is already generating rental income, while the other presents an excellent opportunity for value-add investment. • Investment Appeal: Perfect for experienced handymen, investors, or developers looking to capitalize on a property with significant upside. Opportunities: • Renovation: Fully rehab the second home to create additional rental income or increase property value. • Development: Explore potential for further development or enhancement due to the favorable R3 zoning. This property is a rare find with immense potential. Whether you're looking to expand your rental portfolio or undertake a rewarding renovation project, this unique property offers a promising investment opportunity. Bring your creativity and expertise to unlock its full potential!

  • Property TypeSingle Family Home
  • NeighborhoodMari-Mere
  • CountyMarion
  • Taxes$2,117
  • HOA/Condo/Coop Fees$0
  • Days on Site23 Days
  • MLS StatusActive
  • MLS ID NumberO6205695
  • Home Size Source Public Records
  • Year Built1958
  • Lot Size0.36 Acres
  • Full Baths2
  • Partial BathsN/A

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General Features

  • Sewer Public Sewer
  • Number of Stories 1
  • Acreage 0.36
  • Water Public
  • Property Sub Type Single Family Residence
  • Utilities Other
  • Foundation Other
  • Zoning R3
  • Direction Faces North
  • Minimum Lease No Minimum
  • Ownership Fee Simple
  • Parcel Number 25145-000-00

Interior Features

  • Cooling Other
  • Heating None
  • Appliances None
  • Flooring Wood
  • Interior Other
  • Laundry Features None
  • Fireplace No

Exterior Features

  • Roof Shingle
  • View City
  • Waterfront Property No
  • Exterior Other

Community Features

  • Township 15S
  • Senior Community No
  • MLS Area 34475 - Ocala

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Monthly Payment (Est.)

$675
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