$500,000
$535,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,732 SqFt
SOLD DATE : 10/18/2024
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,732 sqft
Price per Sqft $133
Subdivision Sugarfoot Oaks
MLS Listing ID GC522876
Sold Date 10/18/24
Bedrooms 8
Construction Status Financing,Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1981
Annual Tax Amount $8,051
Lot Size 10,018 Sqft
Acres 0.23
Property Description
Turn-key Investment property located in SW Gainesville with excellent property management already in place. The building is solid block construction with waterproof LVP flooring in the lower level to stand the test of time against both Florida's harsh climate as well as wear and tear from tenants. All A/C units were replaced in 2022 and the property underwent an extensive rehab. Roof replaced 2019. It's a Townhome-style quadplex, so there are no tenant complaints about noisy neighbors above them because they share a wall, not a floor/ceiling. Each unit has a spacious 2 bedrooms and 1.5 Baths floorplan. Located on the bus route and close to retail shops, restaurants and grocery stores in a rapidly improving area of a fast-growing Florida city. Not in a flood zone, sheltered inland from hurricanes, and six minutes from University of Florida, this quadplex is in an ideal long-term rental location with relatively low hazard insurance costs. Each unit is on a separate meter and the tenant pays; and washer and dryer hookups are included in the utility room for each individual unit. Average rent is $1100.00 per month per unit. The back of the building is fenced completely in. Your next investment awaits!
Location
State FL
County Alachua
Community Sugarfoot Oaks
Zoning R-2A
Interior
Interior Features Ceiling Fans(s)
Heating Electric
Cooling Central Air
Fireplace false
Laundry Laundry Room, Outside
Exterior
Exterior Feature Fence
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Financing,Inspections
Schools
Elementary Schools Hidden Oak Elementary School-Al
Middle Schools Fort Clarke Middle School-Al
High Schools F. W. Buchholz High School-Al
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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