12120 SE 53rd Terrace ROAD #All Units, BELLEVIEW, FL
$ 1,950,000
Property Attributes
  • MLS#OM660307
  • TypeIncome
  • CountyMARION
  • AreaBelleview
  • Zip34420
  • StyleMulti Family
  • Year Built1984
  • Taxes$ 14728
  • Price$ 1,950,000
  • Bedrooms27
  • Full Bathrooms15
  • Half Bathrooms0
  • Sqr Footage11898
  • Lot Size1.87 Acres
Data Source:
Stellar MLS
Property Description

Investment opportunity to acquire 15 units (6 duplexes and 1 triplex) on one parcel, in the strong rental market of Belleview FL, in southern Marion County. The unit mix consists of 12 2/1's, and 3 1/1's. Located between Ocala, and the Villages, Belleview has become an emerging rental market for its proximity to one of the fastest growing developments in the Country, The Villages "Florida's Friendliest Hometown". This is a value-add opportunity with current rents well below market.

Price History
6/27/2023 Listed $2,095,000
11/13/2023 4% - $2,025,000
5/15/2024 4% - $1,950,000

General Features

Interior Features Other
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Connected,Sewer Connected,Water - Multiple Meters
Roof Shingle
Exterior Features Other
Zoning R3
Construction Materials Block
Year Built 1984
Tenant Pays Electricity
Levels One
Unit Number All Units
Property SubType Multi Family
Tax Year 2022
Percent Ownership Fee Simple
Gross Income 144960
County Marion
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name N/A
Garage Y/N No
Status Active
Directions From Ocala,take 441 south to right on Hwy 484 (at the Wawa),to left on SE 53rd Ter Rd. Property is on the right.
ModificationTimestamp 2024-06-19T19:39:26.397Z
Buyer Agent Compensation 2.5%
View Y/N No
Senior Community Y/N No
NumberOfUnitsTotal 15
MLS Area 34420 - Belleview
Lot Size Units Acres
Lot Size Square Feet 81457
Waterfront Y/N No
Carport Y/N No
Land Lease Y/N No
Tax Annual Amount 14728
Ok to Lease 12 Months
Additional Parcels Y/N No
Days on Market 358
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 2
Legal Description SEC 01 TWP 17 RGE 22 PLAT BOOK A PAGE 015 BELLEVIEW BLK 89 A PT OF LOTS 2.3 BEING MORE PARTICULARLY DESC AS: Lengthy Legal in Office
Water Access Y/N No
Water View Y/N No
Flood Zone Code X

Interior Features

Flooring Carpet,Laminate,Tile
Furnished Y/N Unfurnished
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Laundry Features Outside
Total Bedrooms 27
LivingAreaSource Public Records
Total Baths 15

Exterior Features

Water Source Public
Lot Size Area 1.87
Foundation Details Slab
Number of Buildings 7
Lot Size Acres 1.87
Road Surface Type Paved


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 34420

AVG $650K
AVG $4,065
AVG 737
Data Provided by Inside Real Estate®
Year Built
AVG 1987
AVG 28
Data Provided by Walkscore® not using MLS data