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Ocala Flip with Permit/Stop Work Order Issues — $135,000

$135,000 • 4 Beds / 2 Baths • 2,189 SqFt

Available

Offer Submission Deadline

House Type Single Family House
Bedrooms 4
Bathrooms 2
Year Built 1960
Approx.SqFt. 2189
Lot size SqFt. 2189

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.