$399,000 Price Analysis    ♡   Gainesville, FL 32607 6 bed 6 bath 2,898 SqFt ($137/SqFt) 0.23 acre lot. Built 1983 Listed 2023-11-22, Taxes $4,628 | Ⓧ USDA Ineligible due to location near Gainesville |
Exceptional Investment Opportunity in Cedar Ridge
Gainesville! Delight in the potential of this charming triplex nestled in the tranquil Cedar Ridge neighborhood, a prime investment in the heart of SW Gainesville FL. Poised in a rapidly gentrifying area, this property features three units, with two beautifully updated and one ready for your creative vision to enhance its charm and value. Currently fully occupied with rents below market value, there's significant upsid potential, with market rents supporting $1, 100 to $1, 200 per unit. This is a golden chance to increase your revenue with minimal effort. The property features a durable metal roof installed in 2018, ensuring low maintenance costs and the exterior has been freshly repainted, enhancing its curb appeal.
Located in a quiet, family-friendly area, this property enjoys a strong tenant pool, ensuring it's never vacant. Its proximity to local amenities, top-rated schools and vibrant Gainesville attractions, like the University of Florida and numerous parks and recreational facilities, makes it an attractive option for renters. Gainesville is known for its lush green spaces, vibrant cultural scene and bustling downtown, offering a perfect blend of urban convenience and natural beauty. With a strong job market and a growing population, it's an ideal location for property investment. Don't miss out on this fantastic opportunity to own a piece of Gainesville's thriving rental market. A smart investment, whether you're looking to expan d your portfolio or stepping into the property investment world. Contact us today to learn more about this promising property!
Presented by Abiel Ballesteros at
United Dream Real Estate.
Property MLS #GC517116 from StellarMLS
Full Bathrooms: 6
Flooring: Carpet, Tile, Vinyl
Heating Features: Central
Lot Size Square Feet: 10019
Calculated Total Monthly Association Fees: 0
Number of Units: 3
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Source Listing Status: Active
County: Alachua
Directions: From Tower Road turn onto SW 8th Avenue. Make a left onto SW 67th Terrace followed by a left onto SW 5th Place. Property will be on the right of SW 69th St.
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential Income
Area: 32607 - Gainesville
Source Neighborhood: CEDAR RIDGE ADD
Parcel Number: 06655-060-011
Postal Code Plus 4: 5796
Subdivision: CEDAR RIDGE ADD
Township: 10
Zoning: R-3
Property Subtype: Triplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $127,027 + $40,000 $167,027 | $4,628 |
| 2021 | $unknown + $unknown $84,785 | $3,458 |
| 2020 | $unknown + $unknown $77,077 | $3,084 |
| 2019 | $unknown + $unknown $70,070 | $2,693 |
| 2018 | $57,700 + $6,000 $63,700 | $2,316 |
| 2017 | $69,100 + $6,000 $75,100 | $2,271 |
| 2016 | $39,700 + $6,000 $45,700 | $1,874 |
| 2015 | $40,400 + $6,000 $46,400 | $1,897 |
| 2014 | $unknown + $unknown $47,600 | $1,980 |
| 2013 | $unknown + $unknown $49,800 | $2,026 |
| 2012 | $unknown + $unknown $56,500 | $2,139 |
| 2011 | $unknown + $unknown $59,900 | $1,624 |
| 2010 | $unknown + $unknown $63,600 | $1,727 |
| 2009 | $unknown + $unknown $114,100 | $3,645 |
| 2008 | $unknown + $unknown $117,100 | $3,390 |
| 2007 | $unknown + $unknown $127,300 | $3,557 |
$399,000
StellarMLS
Listing removed 2023-12-01
$399,000
StellarMLS
Listed 2023-11-22
$399,000
StellarMLS
Listing removed 2023-11-05
$995
StellarMLS
Listed for rent 2023-07-08
$995
StellarMLS
Listing removed 2021-09-07
$82,000
StellarMLS
Sold 2021-05-11
$196,000
StellarMLS
Listed 2021-04-01
$196,000
Gainesville
Listing removed 2018-01-09
$650
realMLS
Listed for rent 2017-11-28
$650
realMLS
Sold 2017-06-22
$90,000
Public Record
Sold 2012-01-17
$50,000
Gainesville
Listed 2011-09-08
$75,000
Gainesville
Sold 2004-09-28
$97,500
Public Record
Sold 2003-10-01
$82,000
Public Record
Sold 2001-02-01
$57,000
Public Record
Sold 1990-02-23
$83,000
Public Record
Sold 1983-04-01
$50,000
Public Record
Sold 1983-03-01
$100,000
Public Record
Year Built: 1983
Construction Materials: Brick, Vinyl Siding
Property Age: 41
Roof: Metal
Cable Available
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.