Property Description:
This 1,848 sq ft 4-bed, 2-bath manufactured home sits on a large 50,530 sq ft (1.16 acre) lot in Ocala. Built in 2000, the property has a spacious layout with strong land value, though it will require renovation to maximize resale potential.
Condition issues include dated interior finishes and general deferred maintenance. The home will need a full cosmetic renovation including flooring, paint, kitchen and bath updates, and mechanical checks. With over an acre of land, the property has additional appeal for buyers seeking privacy or space for outdoor uses.
🔴 Recently Sold
- · 13830 SW 1st Ln – 1,512 sq ft, 3/2, built 2022 → Sold $223,000 ($147/sq ft) – newer manufactured
- · 13220 SW 14th Street Rd – 1,152 sq ft, 3/2, built 1998 → Sold $135,000 ($117/sq ft) – dated
- · 186 SW 134th Ct – 936 sq ft, 2/2, built 2018 → Sold $149,000 ($159/sq ft) – newer manufactured
📌 Investor Insight
Nearby manufactured sales support values between $117–$159 per sq ft, while smaller new-construction block homes in the area are selling for just under $250K. Applying $120–$135/sq ft suggests a conservative ARV of $220K–$250K once fully updated, but we lowered that a little bit, to compensate for the newer construction in the area (Although smaller homes and smaller lots). At an asking price of $115K, even with a full rehab budget, the spread is favorable. The oversized lot provides a land value component that strengthens the exit strategy.