$1,385,000 Price Analysis    ♡   Gainesville, FL 32601 12 bed 6 bath 6,501 SqFt ($213/SqFt) 0.41 acre lot. Built 1940 Listed 2024-03-08, Taxes $11,028 | Ⓧ USDA Ineligible due to price & location near Gainesville |
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 vast 2-bedroom units average 1084/sqft each. These units were built in 1930 and 19 40, 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 and 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/dryr 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.
Presented by Brian Oen at
Better Homes and Gardens Real Estate Thomas Group.
Property MLS #GC519888 from StellarMLS
Full Bathrooms: 6
Solid Surface Counters
Thermostat
Furnished Description: Partially
Heating Features: Central, Electric
Courtyard
Fence
French Doors
Private Mailbox
Storage
Road Surface Type: Paved
Garage Spaces: 6
Lot Size Square Feet: 17860
Calculated Total Monthly Association Fees: 0
Number of Units: 6
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Source Listing Status: Active
County: Alachua
Directions: From the Intersection of W University Ave and Main Street, head East on University Ave. Turn Left and head North on NE 7th St. Turn right and head East on NE 4th Ave. Property is on the left.
Tax Year: 2023
Ownership: Fee Simple
Source Property Type: Residential Income
Area: 32601 - Gainesville
Source Neighborhood: DOIG & ROBERTSON
Parcel Number: 11870-000-000
Postal Code Plus 4: 5554
Subdivision: DOIG & ROBERTSON
Township: 10
Zoning: U2
Property Subtype: Multi-Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $444,502 | $11,028 |
| 2021 | $unknown + $unknown $404,092 | $10,342 |
| 2020 | $unknown + $unknown $367,356 | $9,489 |
| 2019 | $unknown + $unknown $333,960 | $8,809 |
| 2018 | $182,400 + $196,500 $378,900 | $7,858 |
| 2017 | $201,000 + $75,000 $276,000 | $6,874 |
| 2016 | $201,000 + $50,000 $251,000 | $6,342 |
| 2015 | $201,000 + $50,000 $251,000 | $6,464 |
| 2014 | $unknown + $unknown $251,000 | $6,518 |
| 2013 | $unknown + $unknown $251,000 | $6,537 |
| 2012 | $unknown + $unknown $264,300 | $6,316 |
| 2011 | $unknown + $unknown $291,600 | $7,052 |
| 2010 | $unknown + $unknown $322,300 | $8,248 |
| 2009 | $unknown + $unknown $338,200 | $8,159 |
| 2008 | $unknown + $unknown $367,600 | $8,228 |
| 2007 | $unknown + $unknown $356,400 | $8,021 |
$2,000
StellarMLS
Price Changed 2024-06-07
$1,385,000
StellarMLS
Listed for rent 2024-04-12
$2,000
StellarMLS
Price Changed 2024-04-10
$1,500,000
StellarMLS
Listed 2024-03-08
$1,650,000
StellarMLS
Sold 2022-07-08
$445,000
StellarMLS
Listed 2022-05-24
$399,900
StellarMLS
Year Built: 1940
Construction Materials: Block, Concrete, Wood Frame
Foundation Details: Crawlspace, Slab
Property Age: 84
Property Condition: Completed
Roof: Shingle
BB/HS Internet Available
Electricity Connected
Natural Gas Connected
Public
Sewer Connected
Water Connected
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.