716 Northeast 4th Avenue

Gainesville FL 32601

6501 sq. ft.

17860 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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 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 four washer and dryers with the potential of adding more washer/dryer 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.

Features

12 bedrooms

6 bathrooms

6 carspaces

6 garage spaces

6501 sq. ft. floor area

17860 sq. ft. lot size

Multi-Family

Property history for 716 Northeast 4th Avenue

2024

Rented

Undisclosed

07 Jun 2024 by BHGRE THOMAS GROUP

2022

Sold

$445,000

08 Jul 2022 by Shannon Bass, of KELLER WILLIAMS GAINESVILLE REALTY PARTNERS

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