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

May 25, 2024

Updated

Map

716 NE 4TH AVE
GAINESVILLE FL, 32601

Interior Features

Bedrooms

12


Total Bathrooms

6


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 BHGRE THOMAS GROUP
Listing Contact: 352-226-8228 

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