For Sale

Listed by Brian Oen and Ken Mears from BHGRE THOMAS GROUP

Source: Stellar MLS #GC519888

716 Northeast 4th Avenue, Gainesville, FL, 32601

$1,385,000

12
6
6
6501 sq. ft.
17860 sq. ft.

MultiFam

30+ days on the market

What's around 716 Northeast 4th Avenue

About this property

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.

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