$399,000 $2,142 est/mo Sourced by Back At You

501 SW 69th St,GAINESVILLE, FL 32607

GAINESVILLE FL, 32607

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Description

Exceptional Investment Opportunity in Cedar Ridge, Gainesville! Delight in the potential of this charming triplex nestled in the tranquil Cedar Ridge neighborhood, a prime investment in the heart of SW Gainesville FL. Poised in a rapidly gentrifying area, this property features three units, with two beautifully updated and one ready for your creative vision to enhance its charm and value. Located in a quiet, family-friendly area, this property enjoys a strong tenant pool, ensuring it's never vacant. Its proximity to local amenities, top-rated schools, and vibrant Gainesville attractions, like the University of Florida and numerous parks and recreational facilities, makes it an attractive option for renters. Currently fully occupied with rents below market value, there's significant upside potential, with market rents supporting $1,100 to $1,200 per unit. This is a golden chance to increase your revenue with minimal effort. The property features a durable metal roof installed in 2018, ensuring low maintenance costs, and the exterior has been freshly repainted, enhancing its curb appeal. Gainesville is known for its lush green spaces, vibrant cultural scene, and bustling downtown, offering a perfect blend of urban convenience and natural beauty. With a strong job market and a growing population, it's an ideal location for property investment. Don't miss out on this fantastic opportunity to own a piece of Gainesville's thriving rental market. A smart investment, whether you're looking to expand your portfolio or stepping into the property investment world. Contact us today to learn more about this promising property!

Details

MLS#GC517116
Listing TypeFor Sale
StyleTown House
Sub-TypeFor-sale
StatusActive
Year1983
Days On Site238
Listing Provided ByUNITED DREAM REAL ESTATE | Abiel Ballesteros
Buying Commision2%

Features

Bed(s)6
Bath(s)6
SQ Feet2,898
Units3
ZoningR-3
Acreage0.23

Market Activity 32607

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of July 17, 2024 at 8:43:36 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountyAlachua
CityGAINESVILLE
Zip Code32607
Area32607 Gainesville
Community NameCEDAR RIDGE ADD
Listing VS Median (in CEDAR RIDGE ADD)
Price:
$399,000
low | high
Med:
$698,500
25.062656641604% of Average
SqFt:
2,898
low | high
Med:
4,249
3.381642512077% of Average
$ / SqFt:
$138
low | high
Med:
$158
35.28007518797% of Average
On Site:
238
low | high
Med:
259.500000
91.714836223507% of Average
Sourced by Back At You
Listing Updated: July 2, 2024 at 3:44:51 PM PDT
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