Land in Ocala, Florida № 2108955

Property description

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.