Active

$1,385,000

Features:
  • 12 Bedrooms
  • 6 Bathrooms
  • 6501 sq ft
Overview
  • ID: MFRGC519888
  • Bedrooms: 12
  • Bathrooms: 6
  • Size: 6501 sq ft
Property Details
Remarks
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 $1,938/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 four washer and dryers with the potential of adding more washer/dryer hookups either in the units themselves or in one of the 6 individual garages under the back building. Tenant pays all utilities including water, sewer, and trash.
Financial Considerations
Price:
$1,385,000
HOA Fee:
N/A
Tax Amount:
$12410
Price per SqFt:
$213.04
Tax Legal Description:
DOIG/ROBERTSON ADDN DB N-486 COM AT NW COR OF NE 8TH ST (PALMETTO) & NE 4TH AVE (CHURCH) W 100 FT POB N 175 FT W 100 FT S 175 FT E 100 FT POB LESS R/W K/A W 100 FT OF LOTS 1 & 4 BK 1 RG 1 OR 2357/0865
Exterior Features
Lot Size:
17860
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
12
Bathrooms:
6
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
N/A
Furnished:
Yes
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi-Family
Style:
N/A
Year Built:
1940
Construction Type:
Block, Concrete, Wood Frame
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, Courtyard, Fence, French Doors, Private Mailbox, Storage
Additional Features 2:
N/A
Map
  • Address
    716 NE 4TH AVE
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