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Property
Beds
12
Full Baths
None
1/2 Baths
None
Year Built
1937
Sq.Footage
3,566
This income-producing property, located within the sought-after Historic Duckpond district, comprises three contiguous parcels with a total of four buildings. Situated at the corner of 8th Ave and 4th St, this property is strategically positioned just 0.5 miles from Downtown and a mere 1.4 miles from UF. The property boasts six well-maintained 2-bedroom, 1-bath units, with the majority of these units having undergone kitchen remodels. Additionally, these units feature elegant hardwood floors, inviting living rooms complete with fireplaces, separate dining areas, as well as screened-in and enclosed porches. Currently, the property is fully occupied, with several long-term tenants in place. Four out of the six units have been remodeled, enhancing their appeal. Notably, all residential units are currently rented at rates below market value, presenting the opportunity for increased rental income through rate adjustments. Current Monthly Gross Income is $6,750. Rents range from $850-$1600 per month. This property's prime location offers easy access to various amenities and institutions, including UF, downtown Gainesville, Shands Hospital, the VA Hospital, numerous dining options, shopping centers, and more. Furthermore, it is situated only steps away from prominent landmarks such as the Historic Thomas Center, Roper Park, and downtown Gainesville. As a reminder, please refrain from disturbing the existing tenants, and seize this opportunity to become the owner of a property in the highly desirable Duckpond area.
Features & Amenities
Interior
-
Total Bedrooms
12
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
N/A
-
Heating YN
YES
-
Heating
Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Driveway, On Street, Open
-
Patio and Porch Features
Covered, Front Porch, Rear Porch, Screened
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Corner Lot, Landscaped, Near Public Transit, Paved
-
Lot Size(acres)
0.16
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$850,000
-
Tax Amount
$7,889.32
-
Zoning
RSF3
-
Sq. Footage
3, 566
-
Price/SqFt
$238
HOA
-
Association
No
School District
-
Elementary School
W. A. Metcalfe Elementary School-AL
-
Middle School
Westwood Middle School-AL
-
High School
Gainesville High School-AL
Property Features
-
Foundation Details
Brick/Mortar
-
Ownership
Fee Simple
-
Sewer
Public Sewer
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Location
County
Alachua
Elementary School
W. A. Metcalfe Elementary School-AL
Middle School
Westwood Middle School-AL
High School
Gainesville High School-AL
Listing Courtesy of Dawn Johnson , FIRST CHOICE REALTY OF NORTH FLORIDA LLC
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Business Coach | Executive Sales Associate | Realtor®
Michael Graf
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