11613 Southeast 57th Avenue

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11613 Southeast 57th Avenue

Belleview, FL 34420
Asking Price
$995K
Asset Type
Multifamily
Class
Class B

What's Special

11613 Southeast 57th Avenue is situated in Belleview, Florida, a city located south of Ocala in Marion County. The property sits within a residential pocket characterized by a mix of single-family homes and established greenery. It offers proximity to the central Belleview business district, providing residents with access to local hardware stores, pharmacies, and grocery chains. The location is positioned near Highway 441 and State Road 25, facilitating regional transit north toward Ocala’s medical and industrial hubs or south toward The Villages. This multifamily asset is suited for workforce housing or long-term residential rentals. The location appeals to a tenant profile comprised of local service industry employees, logistics personnel, and healthcare staff commuting to nearby regional facilities. Given the suburban setting and proximity to area schools and public parks, the site is also appropriate for small families or individuals seeking a quieter residential environment while maintaining functional access to major north-south transit corridors.

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NOI
$80,000
Cap Rate
8.04%
DSCR
1.35
Strong
Cash-on-Cash
7.01%
Monthly Payment
$4,922.717
Annual Cash Flow
$20,927.395

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