5380 SE 28th Court Ocala, FL 34480
For Sale MLS# TB8478451
10 beds 5 baths 2,966 sq ft Multi-family
Details for 5380 SE 28th Court
MLS# TB8478451
Description for 5380 SE 28th Court, Ocala, FL, 34480
- PRICE IMPROVEMENT – NOW OFFERED AT $299,000 5380, 5420, 5431, & 5501 SE 28th Court, Ocala, FL Significant price adjustment reflecting current market conditions. This assembled four-parcel income-producing portfolio is now offered at $299,000, creating an attractive entry point for investors seeking immediate cash flow and long-term upside in one of Central Florida's fastest-growing markets. Exceptional opportunity to acquire four income-producing parcels (sold together – cannot be separated) in rapidly expanding Ocala. This offering is part of a larger 9-property investment portfolio and consists of tenant-occupied mobile homes with documented rental history and established cash flow. Income is in place from day one, allowing an investor to step into an operational asset with immediate returns. With leases currently in place, the portfolio offers both short-term income continuity and long-term flexibility for future value enhancement at the buyer's discretion. Each parcel is individually positioned yet assembled to create scale, operational efficiency, and strategic leverage. The properties provide workforce housing in a corridor experiencing strong population growth, infrastructure expansion, and sustained rental demand driven by in-migration and employment growth. Ocala continues to benefit from major corporate and regional investment, including distribution facilities developed by nationally recognized operators such as FedEx and AutoZone. The internationally recognized World Equestrian Center—the largest equestrian complex in the United States—generates year-round tourism, seasonal residency, and ongoing housing demand. Strategic Central Florida Location: • Approx. 75 miles to Orlando International Airport • Approx. 1 hr 20 min to Daytona Beach • Approx. 1 hr 30 min to Clearwater Beach • Direct access to I-75 connecting Tampa, Orlando, and North Florida This central positioning enhances tenant appeal while reinforcing long-term land value fundamentals. Investment Highlights: • Price recently reduced to reflect current market conditions • Tenant-occupied with income in place • Multi-parcel assemblage increases flexibility and scale • Opportunity for phased improvements and rental optimization • Attractive hold-and-enhance or long-term land-bank strategy (buyer to verify zoning and land-use options) As Marion County continues to attract logistics, industrial, and tourism-related growth, assembled multi-parcel income opportunities remain limited. This portfolio provides immediate cash flow with built-in flexibility to execute a tailored improvement or redevelopment plan over time. All parcels in this listing convey together. Serious investors should take note of this newly adjusted pricing and evaluate the opportunity promptly. REF: TB8478427, TB8478180
Listing Information
Property Type: Residential, Multi Family
Status: Active
Bedrooms: 10
Bathrooms: 5
Lot Size: 1.12 Acres
Square Feet: 2,966 sq ft
Year Built: 1969
Construction: Metal Siding
Subdivision: Florida Orange Grove Lt 275
Foundation: Pillar/Post/Pier
Number Of Units Total: 4
County: Marion
Additonal Room Information
Laundry: Other
Interior Features
Additional Interior Features: Ceiling Fan(s)
Utilities
Water: Well
Sewer: Septic Tank
Other Utilities: Electricity Connected
Cooling: Ductless, Ceiling Fan(s)
Heating: Electric
Exterior / Lot Features
Roof: Other
Lot Dimensions: 133x82
Additional Exterior/Lot Features: Fence
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 950
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1100
Unit 2 Baths Total: 2
Unit 2 Beds Total: 3
Unit 3 Units Total: 1
Unit 3 Actual Rent: 950
Unit 3 Baths Total: 1
Unit 3 Beds Total: 2
Unit 4 Units Total: 1
Unit 4 Actual Rent: 800
Unit 4 Baths Total: 1
Unit 4 Beds Total: 3
Driving Directions
MLS Driving Directions (From I-75 North)-Take Exit 341 toward Belleview / County Road 484.-Turn right onto CR-484 East.-Continue approximately 3.5 miles.-Turn left onto SE 36th Avenue.-Continue north about 1 mile.-Turn right onto SE 54th Street.-Turn left onto SE 28th Court.-Property will be on the right-hand side.
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 3582-275-002
Tax Amount: 1081.54
Tax Year: 2025
A broker reciprocity listing courtesy: LPT REALTY, LLC
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 5380 SE 28th Court
Sales History
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Tax Summary
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Schools
Schools nearby 5380 SE 28th Court
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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