About this property
Well-located 6-unit multifamily investment opportunity in Belleview, Florida, featuring two concrete block buildings with three units each. The property offers a straightforward unit mix and stable in-place income with immediate upside potential through rent growth and lease stabilization.
Each unit is currently leased on a month-to-month basis, providing flexibility for a new owner to reposition, renovate, or implement market-rate rents over time. Current rents average approximately $700 per unit, which are below prevailing market levels for comparable units in the area.
Recent capital improvements include a new roof, reducing near-term maintenance exposure. The seller is offering a $60,000 credit at closing to address prior sinkhole remediation, allowing a buyer to control the scope and execution of the repair post-closing.
This property is well suited for an investor seeking a value-add multifamily asset with stable cash flow, low management complexity, and upside through operational improvements in a growing Marion County submarket.
Property details
- Property Type
- Residential
- Building Type
- Freestanding
- Building Size
- 2,970 sqft
- Land Size
- 0.43 acres
- Units
- 6
- Zoning
- R3
Documents 1 file
Last updated: Oct 1, 2026
Location
- Address
-
11585 SE 59th Avenue
Belleview, Florida 34420