$420,000
$440,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
120 NE SANCHEZ AVE Ocala, FL 34470
1,517 SqFt
Key Details
Sold Price $420,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 1,517 sqft
Price per Sqft $276
Subdivision Caldwells Add
MLS Listing ID OM693471
Sold Date 02/15/25
HOA Y/N No
Originating Board Stellar MLS
Year Built 1918
Annual Tax Amount $1,210
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Mixed Use
Property Description
Nestled in the heart of Ocala's historic district, this charming turn-of-the-century home seamlessly blends historic character with modern convenience. This 2-bedroom, 2.5-bathroom gem boasts two master suites and has been newly renovated, with updated electric and plumbing, a new roof, and beautifully preserved original hardwood floors. The inviting covered front porch sets the stage for timeless charm. Step outside to discover a stunningly landscaped courtyard-style backyard featuring a covered side porch and patio, perfect for outdoor relaxation or entertaining. Adding even more value, a detached cottage offers a 1-bedroom, 1-bathroom studio apartment with its own kitchen, private entrance, parking, and yard—ideal for guests, extended family, or generating rental income. This property offers the unique ability to rent out the main home 2 different ways and the cottage separately or together, maximizing rental potential. Currently leased through March as a successful Airbnb, it has a proven track record of consistent rental income. Additionally, the front of the main house has a potential full-term lease at $2,500 per month, providing steady revenue for investors or homeowners looking to maximize the property's earning potential immediately. Situated on a desirable corner lot next to downtown Ocala, you'll enjoy convenient access to shops, grocery stores, pharmacies, and more. This amazing find is perfect for homeowners and investors alike. Don't miss this rare chance to own a property that combines historic charm with modern profitability, call today to schedule your own private tour!
Location
State FL
County Marion
Community Caldwells Add
Interior
Heating Natural Gas
Cooling Central Air
Flooring Other, Tile
Appliance Dishwasher, Refrigerator
Exterior
Community Features Sidewalks
Utilities Available Water Connected
Roof Type Shingle
Building
Lot Description Corner Lot, Historic District, City Limits, Landscaped, Sidewalk, Paved
Entry Level One
Foundation Pillar/Post/Pier
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Frame,Wood Siding
New Construction false
Others
Ownership Other
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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Bought with STELLAR NON-MEMBER OFFICE