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Sold on 11/30/2021
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615 Water Rd, Ocala, FL 34472

$377,000

Last sold 11/30/2021 for $294K

  • —

    bed

  • —

    bath

  • 2,996

    Sqft ($98/Sqft)

Multi-family not for sale
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About 615 Water Rd

Property type Multi-family
Neighborhood
Year built 1982
HOA fee $0/month
Lot size 0.5 Acre
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property description
GREAT INVESTMENT. Well maintained duplex with both sides rented below market. Both sides are 3 bedroom and 2 bath. 615 Water Rd on month to month. 617 Water Rd expires Jan 1. AC units replaced 2015. Roof replaced 2020. Buy today and cash flow tomorrow. Take both units to market rent of $1,200 and increase gross income by $400/month.
Listed by
Listing Agent - Carl Mullin
Listing Office - SAND DOLLAR REALTY GROUP INC
Source: Stellar MLS mls logo
MLS#OM628039 • last updated 4 years ago
Movoto checked Stellar MLS for data 14 minutes ago
Overview
Cooling/AC Central Air
Heating Heat Pump
Levels/Style One
Type Residential Income
SubType Duplex
Status Sold
MLS # OM628039
SqFt 2996
Lot Size (Acres) 0.5
Lot Size (SqFt) 21780
Property Tax 2902.95
Year Built 1982
Interior
Laundry In Garage
Interior Features Ceiling Fans(s), Eat-in Kitchen, Solid Surface Counters, Thermostat
Exterior
Exterior Sliding Doors
Roof Shingle
Construction Stucco
Foundation Slab
# Garage Spaces 2
Amenities / Utilities
Utilities Desc Cable Connected, Electricity Connected, Public, Underground Utilities, Water - Multiple Meters
Sewer Public Sewer
Location
County Marion
Subdivision SILVER SPGS SHORES UN 67
Elementary School Greenway Elementary School
Middle School Lake Weir Middle School
High School Lake Weir High School
APN 9067-0198-09
Zoning R3
Directions From Maricamp Rd And Baseline Rd Head South East On Maricamp Rd. Turn Left At The Light Where The Sheriffs Annex Is- That Is Water Rd. Duplex Is On The Right 2 Blocks Down.
Multifamily Details
Unit Type 1: Pro Forma 1200
Total # of Units 2
Financial Data Source Owner
Annual Gross Income 24000
Lot/ Land Details
Road Surface Type Asphalt
Road Responsibility Public Maintained Road
$377K
Range: $327K-$426K
Last 30 days 
Rental est.: $1,743/month
Gross rent multiplier: 14.1
  • Nov 2021
    Public Records
  • Nov 30, 2021 Sold
    $294,000
  • Nov 2021
    mls logo MLS # OM628039
  • Nov 15, 2021 Sold
    $294,000 (+3.2%)
  • Oct 6, 2021 Pending
    —
  • Oct 1, 2021 Listed
    $285,000 (+235.3%)
  • Oct 2001
    Public Records
  • Oct 1, 2001 Sold
    $85,000
  • Year Property taxes Tax assessment
  • 2025
    $5,299 +16.5%
    $212,807 +10.0%
  • 2024
    $4,550 +8.2%
    $193,461 +10.0%
  • 2023
    $4,206 +15.3%
    $175,874 +10.0%
  • 2022
    $3,648 +18.5%
    $159,885 +18.98%
  • 2021
    $3,079 +6.1%
    $134,385 +6.25%
  • 2020
    $2,903 +10.2%
    $126,480 +22.17%
  • 2019
    $2,635 +19.2%
    $103,530 +7.69%
  • 2018
    $2,210
    $96,135 +16.0%
  • 2017
    $2,210 +10.4%
    $82,875 +4.17%
  • 2016
    $2,001
    $79,560 +9.09%
  • 2015
    $2,001
    $72,930
  • 615 Water Rd
    $294K
  • Silver Spgs Shores Un 67
    —
  • 34472
    $244K -5% y/y
  • Ocala
    $306K +2% y/y
No chart available
Statistics calculated by Movoto

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4/10
Greenway Elementary School
public Grades PK, K-5
Marion
3/10
Lake Weir Middle School
public Grades 6-8
Marion
3/10
Lake Weir High School
public Grades 9-12
Marion
Source: GreatSchools.org © 2026. All rights reserved.

Around Silver Spgs Shores Un 67

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