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1213 NW 39th Ave

Gainesville FL 32609

31
16
11800 sq. ft.
38333 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Creek Forest is a core-plus multifamily portfolio of four quadraplexes totaling 16 units located in Northwest Gainesville near the intersection of NW 39th Ave and US HWY 441. Centrally located to major retailers and walking distance to numerous employment opportunities such as Publix Supermarkets, Aldi, Walgreens, CVS, Auto Zone, and Dunkin Donuts. Also within close proximity to Lowe's, Subway, Big Lots, Wawa, and numerous other job opportunities in the immediate area. Built-in 1982 with concrete block construction and stucco exteriors, this four-quadruplex portfolio is composed of fifteen (15) 2 bedroom 1 bath units and one 1 bed one bath unit, each unit totaling approximately 900SF. The average in-place rent is only $770/month, while remodeled rent comparable units easily justify $1200/month with minimal improvements. All current tenant leases that expire at the end of this year will be renewed at $950/month. Tenants pay all utilities through individual metering directly to the utility company. All units have washers and dryers and the roof was replaced in 2022. Parking for Tenants is located directly in front of the building.

Features

31 bedrooms
16 bathrooms
11800 sq. ft. floor area
38333 sq. ft. lot size
Multi-Family

Property history for 1213 NW 39th Ave

2016
Sold
$8,340
26 Oct 2016
2015
Sold
$505,000
16 Sep 2015 by Beau Beery, of COLDWELL BANKER M.M. PARRISH R

Happy sellers in Gainesville

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Local market activity for 31 bedroom multi families in Gainesville

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Sales:
(619) 566-0008
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