Property Description:
This 4-bed, 2.5-bath, 2,189 sf property (functionally closer to a 6/4 including converted spaces) built in 1960 sits on a 9,148 sf lot in Ocala’s NW 12th St corridor. At more than double the size of nearly every nearby comp, this is a heavy-rehab, heavy-upside project for an experienced investor comfortable with permit correction, code compliance, and lien negotiations. Buyer must assume all violations and complete required remediation. Delivered with a new metal roof, but AC, plumbing, finish work, and mechanicals need full evaluation. Long story short, the seller has racked up $400k in fines due to working without a permit. County will negotiate down to 2% once brought into full compliance.
🛠️ Rehab Scope
- Full permit audit + bring all past work into compliance
- Structural check of all additions and wall relocations (critical due to size discrepancy)
- Full HVAC installation (unit + ductwork)
- Electrical panel evaluation + updates if required by inspector
- Plumbing verification + likely repipe in altered areas
- Interior overhaul: flooring, drywall, kitchen(s), baths, trim, fixtures
- Address garage conversion (either legalize or revert)
- Exterior cleanup + paint
- Water heater replacement
- General trash-out, landscaping, and safety repairs
🔵 Comparable Sales
Closest sales within the immediate pocket are dramatically smaller (520–1,380 sf), making direct $/sf extrapolation unreliable. Still, they provide a ceiling for area price perception:
- 1501 NW 19th Ave – 3/2 | 1,380 sf | 7,405 sf lot | 1976 | $400,000 ($290/sf) – Renovated
- 801 NW 16th Ct – 3/2 | 1,104 sf | 10,019 sf lot | 1971 | $170,000 ($154/sf)
- 1910 NW 14th St – 3/3 | 2,541 sf | 0.32 ac | 1979 | $240,000 ($94/sf) – Larger but older finishes
- 1215 NW 12th Ave – 2/1 | 680 sf | 1955 | $149,900 ($220/sf)
- 1203 NW 12th Ave – 2/1 | 520 sf | 1955 | $91,000 ($175/sf)
Key insight:
– The only nearby property that approaches a similar footprint is 1910 NW 14th St (2,541 sf) at $240K, but it’s farther out and built newer (1979).
– The highly renovated smaller comp at $290/sf cannot realistically be applied to 2,100+ sf in this submarket.