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716 NE 4TH AVENUE
GAINESVILLE FL 32601 US

$1,500,000

Active Listing ID GC519888
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12 bed
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Lot: 0.41 Acres
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Multi Family

$1,500,000

Active Listing ID GC519888
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716 NE 4TH AVENUE 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, 867/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 three washer/dryer hookups with washers and dryers (one for each building). There is the potential of adding more washer/dryer hookups either in the units themselves or the 6 individual garages under the back building. Tenant pays all utilities including water, sewer, and trash.

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Property Features

  • Facts
  • Lot Size: 0.41 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Multi Family
  • Features
  • Exterior Finish: Balcony, Courtyard, Fence, French Doors, Storage
  • Roof Type: Shingle
  • Heating Fuels: Central Furnace

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Multi Family
  • listprice: 1500000
  • unparsedaddress: 716 NE 4TH AVENUE
  • postalcity: GAINESVILLE
  • stateorprovince: FL
  • country: US
  • postalcode: 32601
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.41
  • lotsizeunits: Acres
  • lotsizearea: 0.41
  • livingarea: 6501
  • livingareaunits: Square Feet
  • latitude: 29.655006
  • longitude: -82.316865
  • listagentfullname: Ken Mears
  • listagentemail: ken@BHGREcommercialTG.com
  • listagentkey: 3yd-MFRMLSFL-259505023
  • listagentmlsid: 259505023
  • listagentpreferredphone: 3525059597
  • listagentofficephone: 3522268228
  • listofficekey: 3yd-MFRMLSFL-259504926
  • listofficemlsid: 259504926
  • disclaimer: Copyright © 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MFRMLSFL
  • yearbuilt: 1940
  • listingcontractdate: 2024-03-08
  • listagenturl: http://www.ThomasGroupRealty.com
  • countyorparish: Alachua
  • parcelnumber: 11870-000-000
  • constructionmaterials: Block, Concrete, Frame
  • heating: Central Furnace
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Garage, Garage - Attached
  • roof: Shingle
  • waterfrontyn: False
  • franchiseaffiliation: Better Homes and Gardens Real Estate
  • interiorfeatures: Living Room/Dining Room Combo, Solid Surface Counters, Thermostat
  • exteriorfeatures: Balcony, Courtyard, Fence, French Doors, Storage
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • otherstructures: Storage
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -82.316865, 29.655006
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Listing Changed: 4/25/2024 3:43:23 PM GMT
Source Updated Date: 4/27/2024 6:43:39 AM GMT

Courtesy of: Ken Mears, BHGRE THOMAS GROUP, ken@BHGREcommercialTG.com

Copyright © 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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