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 |
| 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 | 58 |
| Zoning | RMF5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Ken Mears |
|---|---|
| Office | BHGRE THOMAS GROUP |