Address716 Ne 4Th Avenue, GAINESVILLE, FL, 32601
Price$1,500,000
- 12 Beds
- 6 Baths
- Income
- 6,501 SQ FT
- 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.
Essential Information
- MLS® #GC519888
- Price$1,500,000
- Bedrooms12
- Bathrooms6.00
- Square Footage6,501
- Acres0.41
- Price/SqFt$231 USD
- Year Built1940
- TypeIncome
- Sub-TypeMulti-Family
- StatusActive
Community Information
- Address716 Ne 4Th Avenue
- AreaGainesville
- SubdivisionDOIG & ROBERTSON
- CityGAINESVILLE
- CountyAlachua
- StateFL
- Zip Code32601
Amenities
- # of Garages6
Interior
- HeatingCentral, Electric
- CoolingCentral Air
Exterior
- RoofShingle
- FoundationCrawlspace
Additional Information
- Date ListedMarch 8th, 2024
- Days on Market64
- ZoningRMF5
Listing Details
- OfficeBHGRE THOMAS GROUP
Interior Features
Living Room/Dining Room Combo, Solid Surface Counters, Thermostat
Exterior Features
Balcony, Courtyard, Fence, French Doors, Storage
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