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Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,675 sqft
Price per Sqft $117
Subdivision Ridgeview (440)
MLS Listing ID GC446960
Sold Date 08/30/21
HOA Y/N No
Year Built 1967
Annual Tax Amount $4,233
Property Description
Investment opportunity in fantastic location right in the heart of NW Gainesville. 8 Unit apartment complex in good condition that''s convenient to UF, Santa Fe Community College, The Oaks Mall, Shands, and N. Florida Hospital. All eight units are 1 bedroom, 1 bath (2 buildings containing 4 units each). Excellent rental history as there have been virtually no vacancies in the last nine years and all units are currently leased. Current rent average is $584/mo for each unit. It should be noted that the 9 one bedroom units in the adjacent complex rent for $650/mo. Units are directly on a bus line and are adjacent to Greentree Park to the north which offers a good playground for kids, picnic pavilions, baseball fields and a nice woodsy walking path (none of which is too close to the apartments). Please do not disturb the tenants.
Location
State FL
County Alachua
Community Ridgeview (440)
Interior
Interior Features Ceiling Fans(s), Window Treatments
Heating Central, Natural Gas
Cooling Central Air
Flooring Other, Tile
Furnishings Unfurnished
Appliance Cooktop, Electric Water Heater, Oven, Refrigerator, Tankless Water Heater
Laundry None
Exterior
Exterior Feature Other
Garage Other
Utilities Available BB/HS Internet Available, Cable Available, Natural Gas Available, Other
Roof Type Shingle
Building
Lot Description Near Public Transit, Private
Entry Level One
Lot Size Range 1/2 to less than 1
Sewer Private Sewer
Structure Type Block,Concrete
Others
Acceptable Financing Other
Membership Fee Required None
Listing Terms Other
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with Matchmaker Realty Of Alachua County, Inc
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