Six-unit fully remodeled Multifamily Opportunity located in the well-established and highly desirable Duckpond area near Downtown Gainesville, Florida.
All units are 2 beds/ 1 bath with in-place rents averaging $1,867/month and all capx has been completely done. Great place to park your money safely and watch it grow over time.
These spacious 2-bedroom units average 1084/sqft each. These units were built in 1930 and 1940, 2-story, 3 buildings with 2 being concrete block and one being frame, and they sit on a spacious 0.41-acre lot.
All 3 buildings include new roofs (2022, 2023), new Trane central heating & cooling units, new gas tankless water heaters, fully updated plumbing with supply lines and sewer lines, all new electrical panels, wiring, outlets, and switches, and full interior renovations.
Landlord currently provides three washer/dryer hookups with washers and dryers (one for each building). There is the potential of adding more washer/dryer hookups either in the units themselves or the 6 individual garages under the back building.
Tenant pays all utilities including water, sewer, and trash.
All units are 2 beds/ 1 bath with in-place rents averaging $1,867/month and all capx has been completely done. Great place to park your money safely and watch it grow over time.
These spacious 2-bedroom units average 1084/sqft each. These units were built in 1930 and 1940, 2-story, 3 buildings with 2 being concrete block and one being frame, and they sit on a spacious 0.41-acre lot.
All 3 buildings include new roofs (2022, 2023), new Trane central heating & cooling units, new gas tankless water heaters, fully updated plumbing with supply lines and sewer lines, all new electrical panels, wiring, outlets, and switches, and full interior renovations.
Landlord currently provides three washer/dryer hookups with washers and dryers (one for each building). There is the potential of adding more washer/dryer hookups either in the units themselves or the 6 individual garages under the back building.
Tenant pays all utilities including water, sewer, and trash.
Property Details
Price:
$1,385,000
MLS #:
GC519888
Status:
Active
Beds:
12
Baths:
6
Address:
716 NE 4TH AVENUE
Type:
Multi Family
Subdivision:
DOIG & ROBERTSON
City:
GAINESVILLE
Listed Date:
Mar 8, 2024
State:
FL
Finished Sq Ft:
6,501
ZIP:
32601
Lot Size:
17,860 sqft / 0.41 acres (approx)
Year Built:
1940
Units:
6
Schools
Interior
Cooling
Central Air
Heating
Central, Electric
Laundry Features
Electric Dryer Hookup, Washer Hookup
Exterior
Construction Materials
Block, Concrete, Wood Frame
Exterior Features
Balcony, Courtyard, Fenced, French Doors, Storage
Roof
Shingle
Financial
Buyer Agent Compensation
3%%
Tax Year
2023
Taxes
$12,410
Map
Community
- Address716 NE 4TH AVENUE GAINESVILLE FL
- CityGAINESVILLE
- CountyAlachua
- Zip Code32601
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1.21 miles away
Courtesy of BHGRE THOMAS GROUP. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 716 NE 4TH AVENUE
GAINESVILLE, FL
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