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!
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 Details
Price:
$126,900
MLS #:
O6205695
Status:
Active
Beds:
5
Baths:
2
Address:
617 NW 26TH STREET
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
MARI-MERE
City:
OCALA
Listed Date:
May 17, 2024
State:
FL
Finished Sq Ft:
1,862
ZIP:
34475
Lot Size:
15,682 sqft / 0.36 acres (approx)
Year Built:
1958
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Schools
Interior
Appliances
None
Bathrooms
2 Full Bathrooms
Cooling
Other
Flooring
Hardwood
Heating
None
Laundry Features
None
Exterior
Construction Materials
Wood Frame
Exterior Features
Other
Roof
Shingle
Financial
Tax Year
2023
Taxes
$2,117
Map
Community
- Address617 NW 26TH STREET OCALA FL
- CityOCALA
- CountyMarion
- Zip Code34475
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Courtesy of WORTH CLARK REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than Stonecrest International Realty include the name of the listing broker. Neither the listing company nor Stonecrest International Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
617 NW 26TH STREET
OCALA, FL
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