Florida / Ocala / 34480 / 2900 Southeast 50th Court

2900 Southeast 50th Court

Q: What is the asking price for 2900 Southeast 50th Court in Ocala?

The asking price for 2900 Southeast 50th Court is $6,300,000

Q: What is the building size of this Multifamily property in Ocala, FL?

The size of the building/unit at 2900 Southeast 50th Court in Ocala is 60,018 square feet.

Q: How much land does the Ocala, FL property at 2900 Southeast 50th Court include?

2900 Southeast 50th Court in Ocala includes 1.000 acres of land.

Q: What is the population within 1 mile of 2900 Southeast 50th Court?

The population within 1 mile of 2900 Southeast 50th Court Ocala, FL 34480 is 4,841 people.

Q: Who do I contact for questions about 2900 Southeast 50th Court?

You should contact the listing agent, Jason Hague , for any details regarding this commercial listing.

Ocala, FL 34480

Listing ID: 275735

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Building Size: 60,018 SF

Lot Size: 1.000 AC

Land Size: 43,560 SF

Building $/SF: $104.97

Land $/SF: $144.63

Price

$6,300,000

Property 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

Washerdryer connections in 78 of units

Description

74-unit quadplex portfolio located in Ocala, FL
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

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POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

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Listing Demographics for 2900 Southeast 50th Court Ocala, FL 34480

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

Demographics Charts

Demographics Tables

Total Population		4,841	41,004	83,307
Population Median Age		41	41	41
Population by Age	0-9 Yrs	541 (11%)	4770 (11%)	9176 (11%)
	10-19 Yrs	675 (13%)	5738 (13%)	11595 (13%)
	20-29 Yrs	532 (10%)	4659 (11%)	10627 (12%)
	30-39 Yrs	486 (10%)	4383 (10%)	9457 (11%)
	40-49 Yrs	722 (14%)	5181 (12%)	10019 (12%)
	50-59 Yrs	623 (12%)	5626 (13%)	11023 (13%)
	60-69 Yrs	551 (11%)	4891 (11%)	9731 (11%)
	70+ Yrs	710 (14%)	5757 (14%)	11680 (14%)

Median HH Income		$51,329	$56,696	$47,924
Total Household Income	< 24K	414 (22%)	2601 (17%)	7407 (24%)
	25-49K	471 (25%)	4038 (27%)	8668 (28%)
	50-74K	338 (18%)	2840 (19%)	5894 (19%)
	75-99K	183 (10%)	1604 (10%)	2889 (9%)
	100-199K	345 (18%)	2971 (20%)	4823 (15%)
	200K+	65 (3%)	671 (4%)	1160 (3%)

Highest Education Level	No Diploma	210	2386	5847
	Diploma or GED	1016	9564	20206
	Some College	763	5807	11827
	Assoc. Degree	451	3356	6267
	Bachelors Degree	400	4129	7847
	Higher Degree	426	3116	5038

Total Housing Units		2,004	16,477	35,787
--Owner-Occupied		1,248	11,162	20,449
--Renter-Occupied		568	3,562	10,392
Owner-Occupied Values	< 100K	207	2687	6443
	100-199K	425	4726	8279
	200-299K	421	2117	3020
	300-399K	148	958	1373
	400-499K	45	353	551
	500K+	3	322	783

Total Working Age Population		3,919	32,815	67,079
In Work Force		2,277	19,413	38,904
Not In Work Force		1,641	13,402	28,174
Workforce Employed		2,171	18,325	35,963
Workforce Unemployed		107	1,088	2,901
Civlian Workforce		2,277	19,413	38,865
Military Workforce		0	0	40

Total Households		1,816	14,724	30,841
Family Households		1,169	10,161	20,053
Non-Family Households		647	4,563	10,788
Married Couple		943	7,878	14,582
Other Family		226	2,283	5,471
Married w/Child		362	2,676	4,804
Single Male w/Child		26	325	679
Single Female w/Child		63	755	2,144

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Florida	15,982,378	+18	18,801,310	+14	21,517,610	+13	24,340,457
Marion County	258,916	+28	331,298	+10	363,726	+12	406,228

Common Questions and Answers

What is the asking price for 2900 Southeast 50th Court in Ocala?

The asking price for 2900 Southeast 50th Court is $6,300,000

What is the building size of this Multifamily property in Ocala, FL?

The size of the building/unit at 2900 Southeast 50th Court in Ocala is 60,018 square feet

How much land does the Ocala, FL property at 2900 Southeast 50th Court include?

2900 Southeast 50th Court in Ocala includes 1.000 acres of land

What is the population within 1 mile of 2900 Southeast 50th Court in Ocala?

The population within 1 mile of 2900 Southeast 50th Court Ocala, FL 34480 is 4,841 people.

Who do I contact for questions about 2900 Southeast 50th Court?

You should contact the listing agent, Jason Hague , for any details regarding this commercial listing.

Other Listings for Sale Nearby

Closest Commercial Airports

Airport	Distance (mi)	Directions
Orlando Sanford International Airport (SFB)	57
Daytona Beach International Airport (DAB)	61
Orlando International Airport (MCO)	68

2900 Southeast 50th Court

Ocala, FL 34480

Property Highlights

Description

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Listing Demographics for 2900 Southeast 50th Court Ocala, FL 34480

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Jason Hague

Marcus & Millichap

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