TBD SE 9TH STREET GAINESVILLE FL 32601 MLS #GC523808

TBD SE 9TH STREET
GAINESVILLE, FL, 32601
$399,000
4 Beds
4 Baths
1,644 SqFt
0.06 Acres
Add
Pre-Construction. To be built. For more than a decade, Eastwood Construction has been Gainesville’s top developer of new homes walkable to the University of Florida and Downtown with a proven track record of building more than 100 profitable rental properties.

With four bedrooms and four bathrooms, this model brings in $3400-$3500 per month in rental income and is centrally located biking distance to the University of Florida and Downtown Gainesville. This property is part of the first phase of development in this area, with more than 30 homes of similar quality planned, presenting a unique opportunity to invest in one of Gainesville’s most promising neighborhoods. This particular lot will allow for ample off street parking with a strategically placed parking area and has a large green space in the rear of the property that provides for a peaceful and natural backyard.

The 4/4 floor plan presents a CAP rate at 7.4% with a levereged return at almost 11% after all debts and management fees.

No HOA or local restrictions make this an ideal short or long-term rental. Optional add-ons for detached apartment are a possibility. This home is being sold pre-construction and can be completed in 8 months making it an ideal investment for Fall 2025. Photos are of a previously constructed property of similar quality and layout.

Property Details

Price:
$399,000
MLS #:
GC523808
Status:
Active
Beds:
4
Baths:
4
Address:
TBD SE 9TH STREET
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
MCDOWALL’S
Neighborhood:
32601 – Gainesville
City:
GAINESVILLE
Listed Date:
Aug 14, 2024
State:
FL
Finished Sq Ft:
1,644
Total Sq Ft:
1,644
ZIP:
32601
Lot Size:
2,500 sqft / 0.06 acres (approx)
Year Built:
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Appliances
Dishwasher, Disposal, Range, Range Hood, Refrigerator
Bathrooms
4 Full Bathrooms
Cooling
Central Air
Flooring
Laminate
Heating
Central, Electric
Laundry Features
Laundry Closet

Exterior

Construction Materials
Cement Siding, Wood Frame
Exterior Features
Garden, Lighting, Private Mailbox, Sidewalk
Roof
Shingle

Financial

Tax Year
2023
Taxes
$297

Map

Community

Similar Listings Nearby

TBD SE 9TH STREET
GAINESVILLE, FL