Active
716 NE 4TH AVE
GAINESVILLE FL, 32601
$1,500,000
$230.73 per sqft
Active
12 Beds
6 Baths
6,501 sqft
Multi-family
Built in 1940
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.
GC519888
MLSⓇ ID
March 8, 2024
Listed
April 25, 2024
Updated
Map
716 NE 4TH AVE
GAINESVILLE FL, 32601
Interior Features
Bedrooms
12 Beds
Bathrooms
6 Baths
Interior Features
Living Room/Dining Room Combo, Solid Surface Counters, Thermostat
Laundry Description
Electric Dryer Hookup, Washer Hookup
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Electric
Exterior/Building Features
Lot Size
0.41 Acres
Exterior Features
Balcony, Courtyard, Fence, French Doors, Storage
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
32601 - Gainesville
Taxes
$12,410
Tax Frequency
Annually
Days on Market
48
Garage
Yes
Garage Spaces
6
View
No
County
Alachua
Municipality
10
Water Source
Public
Pool
No
Zoning
RMF5
Buyer Agency Compensation
3%
Listing History
Date | Event | Price |
---|---|---|
4/10/2024 | Price Change | $1,500,000 -10% |
Listed by Ken Mears, Brian Oen with BHGRE THOMAS GROUP
Listing Contact: 352-226-8228
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Data last updated 4/25/2024, 5:11 PM UTC