716 Ne 4th Avenue
Gainesville,
FL
32601
Property Details
List Price: |
$1,500,000 |
Beds: |
12 |
Baths: |
-- |
Status: |
Active |
SqFt: |
6501 |
Agency: |
Better Homes and Gardens Real Estate Thomas Group |
Description/Comments
Lot Size: |
-- |
Property Type: |
Residential |
Year Built: |
1940 |
Notes: |
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. |
MlsNumber: |
GC519888 |
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Listing Provided By: |
Better Homes and Gardens Real Estate Thomas Group, original listing |
Name: |
Better Homes and Gardens Real Estate Thomas Group |
Phone: |
(352) 226-8228 |
Office Name: |
Better Homes and Gardens Real Estate Thomas G |
Office Phone: |
(352) 226-8228 |
Agent Name: |
Ken Mears |
Disclaimer: |
Copyright © 2024 Better Homes and Gardens Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |