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For sale
  • Price cut: $21K (6/3)
    $299,000

    5380 SE 28th Ct, Ocala, FL 34480

    10beds
    5baths
    2,966sqft
    : 
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    Multi Family
    Built in 1969
    -- sqft lot
    $-- Zestimate®
    $101/sqft
    $-- HOA

    What's special

    - PRICE IMPROVEMENT – NOW OFFERED AT $299,000 5380, 5420, 5431, & 5501 SE 28th Court, Ocala, FL Significant price adjustment reflecting current market conditions. This assembled four-parcel income-producing portfolio is now offered at $299,000, creating an attractive entry point for investors seeking immediate cash flow and long-term upside in one of Central Florida's fastest-growing markets. Exceptional opportunity to acquire four income-producing parcels (sold together – cannot be separated) in rapidly expanding Ocala. This offering is part of a larger 9-property **UPDATE 5 out of 9 STILL AVAILABLE** investment portfolio and consists of tenant-occupied mobile homes with documented rental history and established cash flow. Income is in place from day one, allowing an investor to step into an operational asset with immediate returns. With leases currently in place, the portfolio offers both short-term income continuity and long-term flexibility for future value enhancement at the buyer's discretion. Each parcel is individually positioned yet assembled to create scale, operational efficiency, and strategic leverage. The properties provide workforce housing in a corridor experiencing strong population growth, infrastructure expansion, and sustained rental demand driven by in-migration and employment growth. Ocala continues to benefit from major corporate and regional investment, including distribution facilities developed by nationally recognized operators such as FedEx and AutoZone. The internationally recognized World Equestrian Center—the largest equestrian complex in the United States—generates year-round tourism, seasonal residency, and ongoing housing demand. Strategic Central Florida Location: • Approx. 75 miles to Orlando International Airport • Approx. 1 hr 20 min to Daytona Beach • Approx. 1 hr 30 min to Clearwater Beach • Direct access to I-75 connecting Tampa, Orlando, and North Florida This central positioning enhances tenant appeal while reinforcing long-term land value fundamentals. Investment Highlights: • Price recently reduced to reflect current market conditions • Tenant-occupied with income in place • Multi-parcel assemblage increases flexibility and scale • Opportunity for phased improvements and rental optimization • Attractive hold-and-enhance or long-term land-bank strategy (buyer to verify zoning and land-use options) As Marion County continues to attract logistics, industrial, and tourism-related growth, assembled multi-parcel income opportunities remain limited. This portfolio provides immediate cash flow with built-in flexibility to execute a tailored improvement or redevelopment plan over time. All parcels in this listing convey together. Serious investors should take note of this newly adjusted pricing and evaluate the opportunity promptly. REF: TB8478427, TB8478180
    139 days
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    776
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    19
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    Zillow last checked:

    Listing updated:

    Listed by:

    Brian Lynch 267-312-2889,

    LPT REALTY, LLC 877-366-2213

    Source: Stellar MLS,MLS#: TB8478451MLS LogoOriginating MLS: Orlando Regional

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 10
      • Bathrooms: 5
      Heating
      • Electric
      Cooling
      • Ductless
      Appliances
      • Laundry: Other
      Features
      • Ceiling Fan(s)
      • Has fireplace: No
      Interior area
      • Total interior livable area: 2,966 sqft
      Video & virtual tour

      Property

      Features
      • Fencing: Fenced
      Lot
      • Size: 1.12 Acres
      • Dimensions: 133 x 82
      Details
      • Additional parcels included: 3582-275-003, 3582-274-005, 3582-274-006
      • Parcel number: 3582275002
      • Zoning: R4
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Metal Siding
      • Foundation: Pillar/Post/Pier
      • Roof: Other
      Condition
      • New construction: No
      • Year built: 1969

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Electricity Connected

      Community & HOA

      Community
      • Pet fee: $0 monthly
      • Subdivision: FLORIDA ORANGE GROVE LT 275
      HOA
      • Has HOA: No
      Location
      • Region: Ocala

      Financial & listing details

      • Price per square foot: $101/sqft
      • Tax assessed value: $43,852
      • Annual tax amount: $1,081
      • Date on market: 2/20/2026
      • Cumulative days on market: 140 days
      • Listing terms: Cash,Conventional
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Electric utility on property: Yes
      • Road surface type: Dirt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/3/2026Price change$299,000-6.6%$101/sqft
        Source: Stellar MLS #TB8478451 Report a problem
        2/20/2026Listed for sale$320,000+764.9%$108/sqft
        Source: Stellar MLS #TB8478451 Report a problem
        5/22/2025Sold$37,000-7.5%$12/sqft
        Source: Stellar MLS #OM700751 Report a problem
        5/2/2025Pending sale$40,000$13/sqft
        Source: Stellar MLS #OM700751 Report a problem
        5/2/2025Listed for sale$40,000+100%$13/sqft
        Source: Stellar MLS #OM700751 Report a problem
        10/3/2014Listing removed$19,999$7/sqft
        Source: Avalar Majestic Properties #404595 Report a problem
        6/14/2014Price change$19,999-4.8%$7/sqft
        Source: Avalar Majestic Properties #404595 Report a problem
        3/14/2014Listed for sale$21,000$7/sqft
        Source: Avalar Majestic Properties #404595 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$751 +18.6%$18,472 +10%
        2023$633 +5.4%$16,793 +10%
        2022$601 +7.4%$15,266 +10%
        2021$559 -0.3%$13,878 +10%
        2020$561 +6.1%$12,616 +10%
        2019$529 $11,469 -18.1%
        2018$529 +10.9%$13,997 +5.9%
        2017$477 +15.5%$13,213 +53.4%
        2016$413 $8,616 +10%
        2015$413 +4.5%$7,833 +10%
        2014$395 +7.2%$7,121 +10%
        2013$369 -4.4%$6,474 -14.9%
        2012$386 -4.1%$7,610 -12%
        2011$402 -2%$8,650 -6.3%
        2010$411 -18.7%$9,236 -41.8%
        2009$505 -19.8%$15,861 -35.8%
        2008$630 +8.9%$24,704 +13.4%
        2007$579 -3%$21,793 +3.6%
        2006$597 +13.4%$21,030 +19%
        2005$526 $17,678 -1.6%
        2004$526 +39%$17,970 +28.6%
        2002$379 +19.2%$13,977 +12.5%
        2001$318 $12,419
        2000$318 $12,419

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 34480

        Getting around

        10 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        27 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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