
$50,0000.20 mi
Lot 1 SW 38th Avenue RoadOcala, FL, 34473Sold Jun 19, 202611,761 sqft
Attention investors and developers. The county allows up to 12 units, up to three stories, making this a highly attractive multifamily development opportunity. City water and sewer will be required. Strong rental demand in the area. Average rents for 2-bedroom, 2-bath units are approximately $1,500 per month. At full capacity, 12 units could generate around $18,000 per month, or approximately $216,000 annually in gross rental income. Excellent potential for cash flow and long-term appreciation in a growing market. Ideal project for investors seeking high-return multifamily development.

Asking price reduced by $14,000 (10.1%) since first listed.
| Date | Event | Price | Change from previous recorded asking price |
|---|---|---|---|
| Price reducedMLS #CC852253 | $125,000Change: −10.1%−$14,000 | −10.1%−$14,000 | |
| Listed for saleMLS #CC852253 | $139,000 | Not applicable |
