Active

$385,000

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 3100 sq ft
Overview
  • ID: MFRGC534581
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 3100 sq ft
Property Details
Remarks
This Northwest Gainesville quadruplex is a fantastic opportunity for investors looking to grow their portfolio with a property that offers both stability and upside. Each of the four units includes 2 bedrooms and 1 bathroom, featuring tile in the main living spaces and carpeted bedrooms—practical finishes that tenants appreciate and owners find easy to maintain. The solid concrete block exterior adds to the property’s durability and long-term value. While some updates would go a long way toward modernizing the space, the fundamentals are already in place—four units in an area known for consistent rental demand. With the right improvements, this property has excellent potential to generate strong returns and increase in value. Ideally situated near shopping, dining, schools, and major employers, this location offers quick access to the University of Florida, Santa Fe College, and downtown Gainesville. Tenants will love the convenience, and investors will appreciate the income stream that comes with multi-family housing. Whether you’re a seasoned investor or just getting started, this quadruplex presents a rare chance to create lasting value through thoughtful updates and smart management.
Financial Considerations
Price:
$385,000
HOA Fee:
N/A
Tax Amount:
$3041.11
Price per SqFt:
$124.19
Tax Legal Description:
PINERIDGE II PB J-37 UNITS 39 & 40 LESS PART K/A LTD COMMON AREA OR 3274/0056
Exterior Features
Lot Size:
9583
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
Central
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1978
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
N/A
Map
  • Address
    5801 NW 23RD TER
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