Price Reduction
Address
716 NE 4th AVENUE, GAINESVILLE, FL
Price
$ 1,500,000
Property Attributes
- MLS#GC519888
- TypeIncome
- CountyALACHUA
- CityGAINESVILLE
- AreaGainesville
- NeighborhoodDoig & Robertson
- Zip32601
- StyleMulti Family
- Year Built1940
- Taxes$ 12410
- Price$ 1,500,000
- Bedrooms12
- Full Bathrooms6
- Half Bathrooms0
- Sqr Footage6501
- Lot Size0.41 Acres
Data Source:
Stellar MLS
Property Description
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.
| Price History | |
|---|---|
| 3/8/2024 | Listed $1,650,000 |
| 4/10/2024 | 10% - $1,500,000 |
General Features
| Interior Features | Living Room/Dining Room Combo,Solid Surface Counters,Thermostat |
|---|---|
| Sewer | Public Sewer |
| Heating | Central,Electric |
| Cooling | Central Air |
| Utilities | BB/HS Internet Available,Electricity Connected,Public,Sewer Connected,Water Connected |
| Roof | Shingle |
| Exterior Features | Balcony,Courtyard,Fenced,French Doors,Storage |
| Zoning | RMF5 |
| Garage Spaces | 6 |
| Construction Materials | Block,Concrete,Wood Frame |
| Year Built | 1940 |
| Property SubType | Multi Family |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| County | Alachua |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Attached Garage | Yes |
| Subdivision Name | DOIG & ROBERTSON |
| Garage Y/N | Yes |
| Status | Active |
| 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. |
| City | GAINESVILLE |
| Buyer Agent Compensation | 3% |
| Senior Community Y/N | No |
| Total Units | 6 |
| MLS Area | 32601 - Gainesville |
| Lot Size Square Feet | 17860 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | 4th |
| Tax Annual Amount | 12410 |
| Public Remarks | 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 ren |
| Days on Market | 48 |
| Standard Status | Active |
| Tax Lot | 1 |
| Legal Description | DOIG/ROBERTSON ADDN DB N-486 COM AT NW COR OF NE 8TH ST (PALMETTO) & NE 4TH AVE (CHURCH) W 100 FT POB N 175 FT W 100 FT S 175 FT E 100 FT POB LESS R/W K/A W 100 FT OF LOTS 1 & 4 BK 1 RG 1 OR 2357/086 |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | AVENUE |
| Laundry Features | Electric Dryer Hookup,Washer Hookup |
| Total Bedrooms | 12 |
| LivingAreaSource | Public Records |
| Total Baths | 6 |
| Living Area Units | Square Feet |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 17860 |
| Foundation Details | Crawlspace |
| Number of Buildings | 3 |
| Lot Size Acres | 0.41 |
| Road Surface Type | Gravel |
| Lot Size Units | Square Feet |
| Covered Spaces | 6 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 32601
Price
Taxes
Visits
Year Built
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated Last updated on May 5, 2024 12:08 PM UTC The listing information on this page last changed on Last updated on May 5, 2024 12:08 PM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 5, 2024 12:08 PM UTC
© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
