$1,385,000 for Sale
716 ne 4th avenue , gainesville, FL 32601
| Beds 12 | Baths 6 | 6,501 Sqft | 0.41 Acres |
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Property Description
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.
General Information
Sale Price: $1,385,000
Price/SqFt: $213
Status: Active
MLS#: GC519888
City: gainesville
Post Office: gainesville
County: Alachua
Subdivision: doig & robertson
Acres: 0.41
Bedrooms:12
Bathrooms:6
House Size: 6,501 sq.ft.
Acreage: 0.41 est.
Year Built: 1940
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road: Paved
Construction: Block, Concrete, Wood Frame
Exterior Misc: Balcony, Courtyard, Fenced, French Doors, Private Mailbox, Storage
Basement: No
Foundation : Crawlspace, Slab
Cooling: Central Air
Heating: Central, Electric
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $12,410
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
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Brian Oen of BHGRE THOMAS GROUP, Phone: 352-226-8228
