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Multifamily

Ocala Quadplex Portfolio

2900 SE 50th Ct, Ocala, FL 34480

Listing Price: Request For Offer

Number of Units
74
Gross SF
60,018

Investment Overview

74-unit quadplex portfolio located in Ocala, FL

Investment Highlights

  • Over $750,000 in capital improvements over last seven years, including 56 units receiving full or partial renovations
  • 85% of the portfolio is situated within a one mile radius
  • Attractive unit mix of mostly two-bedroom units with large floor plans
  • Ability to increase NOI by more than 33% within the first two years
  • Close to 20% leveraged 10 year IRR return at target price
  • ?Washer/dryer connections in 78% of units
  • ?Ocala ranked 5th among the "fast-growing places" in the United States and saw net migration of nearly 10% from 2014-2018 – US News & World Report, 2020-2021
  • ?Future job growth for Ocala is expected to significantly outpace the National Average at a rate of 37.6% over the next ten years – BestPlaces, 2021

Exclusively Listed By

Multifamily

Ocala Quadplex Portfolio

Listing Price: Request For Offer

Number of Units
74
Gross SF
60,018

Investment Highlights

  • Over $750,000 in capital improvements over last seven years, including 56 units receiving full or partial renovations
  • 85% of the portfolio is situated within a one mile radius
  • Attractive unit mix of mostly two-bedroom units with large floor plans
  • Ability to increase NOI by more than 33% within the first two years
  • Close to 20% leveraged 10 year IRR return at target price
  • ?Washer/dryer connections in 78% of units
  • ?Ocala ranked 5th among the "fast-growing places" in the United States and saw net migration of nearly 10% from 2014-2018 – US News & World Report, 2020-2021
  • ?Future job growth for Ocala is expected to significantly outpace the National Average at a rate of 37.6% over the next ten years – BestPlaces, 2021

Investment Overview

74-unit quadplex portfolio located in Ocala, FL

Exclusively Listed By

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