716 Ne 4th Avenue, GAINESVILLE, FL

$1,500,000

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12

Beds

6

Baths

6,501

Square feet

0.41

Acres

About 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.

Features of 716 Ne 4th Avenue

MLS® # GC519888
Price $1,500,000
Bedrooms 12
Bathrooms 6.00
Square Footage 6,501
Acres 0.41
Year Built 1940
Type Residential Income
Sub-Type Multi-Family
Status Active

Community Information

Address 716 Ne 4th Avenue
Area Gainesville
Subdivision DOIG & ROBERTSON
City GAINESVILLE
County Alachua
State FL
Zip Code 32601

Amenities

# of Garages 6
Is Waterfront No
Private Pool No
Has Pool No

Interior

Interior Features Living Room/Dining Room Combo, Solid Surface Counters, Thermostat
Heating Central, Electric
Cooling Central Air
Fireplace No

Exterior

Exterior Features Balcony, Courtyard, Fence, French Doors, Storage
Roof Shingle
Foundation Crawlspace

Additional Information

Date Listed March 8th, 2024
Days on Market 70
Zoning RMF5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBHGRE THOMAS GROUP

Listing Map

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