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Sold for $575,000
  • $575,000

    5390 SE 29th Pl, Ocala, FL 34480

    8beds
    8baths
    3,417sqft
    Quadruplex, Multi Family
    Built in 1985
    -- sqft lot
    $559,400 Zestimate®
    $168/sqft
    $1,078 Estimated rent

    Home value

    $559,400

    $498,000 - $632,000

    $1,078/mo

    Zestimate® history
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    What's special

    Modern upgradesQuality finishesFully renovated quadplexStylish bathroomsIn-unit laundrySpacious layout
    Welcome to an exceptional investment opportunity in a prime location of Ocala! This fully renovated quadplex features four identical 2-bedroom, 2-bathroom units, each thoughtfully designed with quality finishes and modern upgrades. Each unit boasts a spacious layout, contemporary kitchens with stainless steel appliances, stylish bathrooms, and in-unit laundry. All four units are currently occupied with tenants on one-year leases, ensuring immediate income for the next owner. Investors will be impressed by the financial performance of this property, offering a remarkable monthly rental income of $5,700 and an annual income of $68,400. Operating expenses are minimal, with landscaping at $60 per month, trash removal at $50 per month, and a low HOA fee of $45 per month. This turnkey property provides excellent cash flow and significant long-term appreciation potential. To respect tenant privacy, tours will be conducted only during the inspection period with a signed contract. Preapproval or proof of funds is required. Don’t miss the opportunity to own this profitable and low-maintenance investment in a highly desirable area!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jonathan Minerick 888-400-2513,

    HOMECOIN.COM 888-400-2513

    Bought with:

    Corey Lott, 3047604

    NEXTHOME LOTT PREMIER REALTY

    Source: Stellar MLS,MLS#: TB8334767MLS LogoOriginating MLS: Suncoast Tampa

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 8
    Heating
    • Other
    Cooling
    • Other
    Appliances
    • Laundry: Other
    Features
    • Other
    • Has fireplace: No
    Interior area
    • Total structure area: 3,865
    • Total interior livable area: 3,417 sqft

    Property

    Features
    • Exterior features: Other
    Lot
    • Size: 0.25 Acres
    • Dimensions: 100 x 110
    Details
    • Parcel number: 2969800412
    • Zoning: R3
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Concrete
    • Foundation: Slab
    • Roof: Other
    Condition
    • Completed
    • New construction: No
    • Year built: 1985

    Utilities & green energy

    • Sewer: Other
    • Water: See Remarks
    • Utilities for property: Other

    Community & HOA

    Community
    • Pet fee: $0 monthly
    • Subdivision: GREENFIELDS UN #1
    HOA
    • Has HOA: Yes
    • HOA fee: $45 monthly
    • HOA name: --
    Location
    • Region: Ocala

    Financial & listing details

    • Price per square foot: $168/sqft
    • Tax assessed value: $312,120
    • Annual tax amount: $5,400
    • Date on market: 1/4/2025
    • Cumulative days on market: 7 days
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Ownership: Fee Simple
    • Lease term: 12 Months
    • Total actual rent: 5700
    • Road surface type: Other

    Price history

    DateEventPrice
    3/24/2025Sold$575,000-4.2%$168/sqft
    Source: Stellar MLS #TB8334767 Report a problem
    1/12/2025Pending sale$600,000$176/sqft
    Source: Stellar MLS #TB8334767 Report a problem
    1/4/2025Listed for sale$600,000+5.3%$176/sqft
    Source: Stellar MLS #TB8334767 Report a problem
    8/23/2024Listing removed--
    Source: Stellar MLS #T3536644 Report a problem
    8/19/2024Price change$570,000-0.9%$167/sqft
    Source: Stellar MLS #T3536644 Report a problem
    7/15/2024Pending sale$575,000$168/sqft
    Source: Stellar MLS #T3536644 Report a problem
    6/25/2024Listed for sale$575,000+54.4%$168/sqft
    Source: Stellar MLS #T3536644 Report a problem
    5/8/2023Sold$372,500-6.6%$109/sqft
    Source: Public Record Report a problem
    3/19/2023Pending sale$399,000$117/sqft
    Source: Stellar MLS #O6095150 Report a problem
    3/8/2023Listed for sale$399,000+673.4%$117/sqft
    Source: Stellar MLS #O6095150 Report a problem
    11/21/2016Sold$51,589$15/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$6,039 +25.5%$312,120 +65.2%
    2023$4,811 +11.8%$188,913 +10%
    2022$4,302 +13.8%$171,739 +10%
    2021$3,782 +5.9%$156,126 +10%
    2020$3,571 +4%$141,933 +10%
    2019$3,435 $129,030 +10%
    2018$3,435 +20%$117,300 +9.5%
    2017$2,864 +8%$107,100 +3.8%
    2016$2,652 $103,179 +10%
    2015$2,652 +11.2%$93,799 +10%
    2014$2,385 +6.8%$85,272 +10%
    2013$2,232 -0.4%$77,520 -1.3%
    2012$2,242 -20.8%$78,540 -32.5%
    2011$2,830 -9.3%$116,280 -14.3%
    2010$3,121 -13.1%$135,660 -20.8%
    2009$3,589 -12.9%$171,360 -18.8%
    2008$4,123 +0.5%$211,140
    2007$4,102 -3.1%$211,140 +5.9%
    2006$4,235 +46.1%$199,410 +47%
    2005$2,898 $135,660 +14.4%
    2004$2,898 +38%$118,575 +36.8%
    2002$2,100 +11.9%$86,700 +11.8%
    2001$1,876 $77,520
    2000$1,876 $77,520
    Find assessor info on the county website

    Neighborhood: 34480

    Nearby schools

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    Estimated market value
    $559,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $559,400