Address
716 NE 4th AVENUE, GAINESVILLE, FL
Price
$ 1,385,000
Property Attributes
  • MLS#GC519888
  • TypeIncome
  • CountyALACHUA
  • CityGAINESVILLE
  • AreaGainesville
  • NeighborhoodDoig & Robertson
  • Zip32601
  • StyleMulti Family
  • Year Built1940
  • Taxes$ 12410
  • Price$ 1,385,000
  • 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 $1,938/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.

Price History
3/8/2024 Listed $1,650,000
4/10/2024 10% - $1,500,000
6/7/2024 8% - $1,385,000

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,Natural Gas Connected,Public,Sewer Connected,Water Connected
Roof Shingle
Exterior Features Balcony,Courtyard,Fenced,French Doors,Private Mailbox,Storage
Zoning U2
Garage Spaces 6
Construction Materials Block,Concrete,Wood Frame
Year Built 1940
Property SubType Multi Family
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 139558
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.
ModificationTimestamp 2024-06-12T17:08:48.767Z
City GAINESVILLE
Buyer Agent Compensation 2%
View Y/N No
Senior Community Y/N No
NumberOfUnitsTotal 6
MLS Area 32601 - Gainesville
Lot Size Units Square Feet
Lot Size Square Feet 17860
Waterfront Y/N No
Carport Y/N No
Land Lease Y/N No
Tax Annual Amount 12410
Property Condition Completed
Additional Parcels Y/N No
Days on Market 96
Building Area Units Square Feet
Living Area Units Square Feet
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
Water Access Y/N No
Water View Y/N No
Flood Zone Code X

Interior Features

Furnished Y/N Partially
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Laundry Features Electric Dryer Hookup,In Garage,Inside,Outside,Washer Hookup
Total Bedrooms 12
LivingAreaSource Public Records
Total Baths 6

Exterior Features

Water Source Public
Lot Size Area 17860
Foundation Details Crawlspace,Slab
Number of Buildings 3
Lot Size Acres 0.41
Road Surface Type Paved
Covered Spaces 6
Number of Separate Water Meters 6
Number of Separate Electric Meters 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

Year Built
AVG 1954
1940