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4 Homes - 1 Great Price and Location! 5-Acre Income-Producing Farmstead in NE Ocala – 4521 NE 28 Avenue, Ocala, FL 34479
4 Homes | Pool | Barns | Paddocks | Agricultural Zoning | Rental Income
Opportunity meets versatility with this 5-acre multi-residence property located in the highly desirable NE Ocala area, just minutes from shopping, dining, and everyday conveniences. Whether you're looking for an income-producing investment, multi-family living, or a mini farm setup, this property offers incredible potential.
The main residence is a solid 1962 concrete block home featuring 2 bedrooms, 1 bathroom, and 1, 296 sq ft of living space. Inside, you’ll find a wood-burning stone fireplace, oak cabinetry with Formica countertops, all appliances included, and a convenient inside laundry area. A 19’x10’ screened porch overlooks the in-ground pool and a unique covered outdoor smoker pit, perfect for entertaining.
Step outside and you’ll discover extensive improvements ideal for work, storage, or agricultural use. A massive 70’x34’ pole barn includes an open area with concrete slab, ideal for equipment storage or mechanical work. Additionally, a shed row with 6 stalls and workshop areas supports livestock or hobby farm use, complemented by three fenced paddocks.
The property also includes three manufactured homes currently generating $2, 750/month in rental income, offering immediate cash flow:
Rental 1: 1992 MH, 4BR/2BA, 1, 771 sq ft
Rental 2 & 3: 1980 MHs, each 2BR/1BA, 784 sq ft
Zoned Agricultural, this property is well-suited for horses or livestock or farming. While the homes could benefit from some updating, they are priced accordingly, making this a prime value-add opportunity.
Located in the heart of NE Ocala, you’re close to everything while still enjoying the space and freedom of acreage living.
Endless possibilities—live, rent, farm, or invest. Schedule your private showing today!
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$475,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $380,000 | $380,000 | $380,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $500 | $500 | $500 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,340 | $2,399 | $3,156 |
| Total Monthly Payment | $2,915 | $2,974 | $3,731 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.