Take a look at this ranch style, single-family home, just north of beautiful Ocala, FL in walking distance to Orange Lake, which has a public boat dock. The residence is sitting on a large 1.07 acres and is 1,128 sq ft with 3 Bedrooms and 1 Bathroom. There is an equipment shed in the back yard and a large barn on the other side of the property. The home itself will need general updating but is otherwise in pretty good shape.
The property is currently tenant occupied, but at a below-market rent rate, so you can continue to rent to the current tenant, or update the property and increase the rent to maximize your cash flow. Current market rents range from $750-$850 per month, and the extra space and rural neighborhood are ideal for tenants that need a little extra space or additional storage.