501 SW 69TH STREET GAINESVILLE FL 32607 MLS #GC517116

501 SW 69TH STREET
GAINESVILLE, FL, 32607
$399,000
6 Beds
6 Baths
2,898 SqFt
0.23 Acres
Add
Exceptional Investment Opportunity in Cedar Ridge, Gainesville!

Delight in the potential of this charming triplex nestled in the tranquil Cedar Ridge neighborhood, a prime investment in the heart of SW Gainesville FL. Poised in a rapidly gentrifying area, this property features three units, with two beautifully updated and one ready for your creative vision to enhance its charm and value.

Currently fully occupied with rents below market value, there’s significant upside potential, with market rents supporting $1,100 to $1,200 per unit. This is a golden chance to increase your revenue with minimal effort. The property features a durable metal roof installed in 2018, ensuring low maintenance costs, and the exterior has been freshly repainted, enhancing its curb appeal.

Located in a quiet, family-friendly area, this property enjoys a strong tenant pool, ensuring it’s never vacant. Its proximity to local amenities, top-rated schools, and vibrant Gainesville attractions, like the University of Florida and numerous parks and recreational facilities, makes it an attractive option for renters.

Gainesville is known for its lush green spaces, vibrant cultural scene, and bustling downtown, offering a perfect blend of urban convenience and natural beauty. With a strong job market and a growing population, it’s an ideal location for property investment.

Don’t miss out on this fantastic opportunity to own a piece of Gainesville’s thriving rental market. A smart investment, whether you’re looking to expand your portfolio or stepping into the property investment world. Contact us today to learn more about this promising property!

Property Details

Price:
$399,000
MLS #:
GC517116
Status:
Active
Beds:
6
Baths:
6
Address:
501 SW 69TH STREET
Type:
Multi Family
Subtype:
Triplex
Subdivision:
CEDAR RIDGE ADD
City:
GAINESVILLE
Listed Date:
Nov 22, 2023
State:
FL
Finished Sq Ft:
2,898
ZIP:
32607
Lot Size:
10,019 sqft / 0.23 acres (approx)
Year Built:
1983
Units:
3
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Schools

Interior

Cooling
Central Air
Flooring
Carpet, Tile, Vinyl
Heating
Central

Exterior

Construction Materials
Brick, Vinyl Siding
Exterior Features
Other
Roof
Metal

Financial

Buyer Agent Compensation
2%%
Tax Year
2022
Taxes
$4,629

Map

Community

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501 SW 69TH STREET
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