$42,500
$60,000
29.2%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
840 SqFt
SOLD DATE : 03/15/2024
Key Details
Sold Price $42,500
Property Type Manufactured Home
Sub Type Manufactured Home - Post 1977
Listing Status Sold
Purchase Type For Sale
Square Footage 840 sqft
Price per Sqft $50
Subdivision Meadows Un 01
MLS Listing ID OM671487
Sold Date 03/15/24
Bedrooms 2
Full Baths 2
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Year Built 2000
Annual Tax Amount $342
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 100x90
Property Description
Investment opportunity, requires some tender loving care (TLC) and has areas that need renovation. The proximity to Ocala and the quiet location could be attractive features. If you're considering this as an investment, here are a few steps you might want to take:
Assessment: Conduct a thorough assessment of the property. Identify all areas that need repairs or updates and estimate the associated costs.
Market Research: Research the real estate market in the area. Understand property values, recent sales, and trends. This will help you determine the potential return on investment.
Renovation Plan: Develop a detailed renovation plan. Prioritize areas that require immediate attention and estimate the timeline for completing the renovations.
Cost Analysis: Calculate the total cost of acquisition, renovation, and any other associated costs. Compare this with the potential resale value or rental income to ensure a profitable venture.
Local Regulations: Familiarize yourself with local building codes and regulations. Ensure that your renovation plans comply with all necessary requirements.
Exit Strategy: Determine your exit strategy. Are you planning to sell the property after renovations or rent it out for a steady income? Having a clear plan will guide your decisions.
Professional Advice: Consult with real estate professionals, contractors, and financial advisors. Their expertise can provide valuable insights and help you make informed decisions.
Pressure washing the outside and cleaning of the home and property is under way.
Remember that investing in real estate involves risks, and thorough due diligence is crucial. If you have any specific questions or need more information, feel free to ask.
Location
State FL
County Marion
Community Meadows Un 01
Zoning R4
Interior
Interior Features Other
Heating Central, Electric
Cooling Central Air
Flooring Carpet, Laminate
Fireplace false
Appliance Electric Water Heater, Range, Refrigerator
Laundry Laundry Room
Exterior
Exterior Feature Storage
Fence Chain Link
Utilities Available Electricity Connected
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Story 1
Entry Level One
Foundation Pillar/Post/Pier
Lot Size Range 1/4 to less than 1/2
Sewer Septic Tank
Water Well
Structure Type Metal Siding
New Construction false
Construction Status No Contingency
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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