501 Sw 69th Street, Gainesville, FL 32607
- $350,000
- 6
- BD
- 2,898
- SqFt
- Sold Price
- $350,000
- List Price
- $399,000
- Status
- Sold
- Days on Market
- 246
- Closing Date
- Aug 30, 2024
- MLS#
- GC517116
- Property Style
- Triplex
- Year Built
- 1983
- Bedrooms
- 6
- Living Area
- 2,898
- Lot Size
- 10,019
- Acres
- 0.23
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Cedar Ridge Add
- MLS Area Major
- Gainesville
Property 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!
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Additional Information
- Taxes
- $4628
- Community Features
- No Deed Restriction
- Zoning
- R-3
- Interior Layout
- Ninguno
- Interior Features
- Ninguno
- Floor
- Carpet, Tile, Vinyl
- Utilities
- Cable Available
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Brick, Vinyl Siding
- Exterior Features
- Other
- Roof
- Metal
- Foundation
- Other
- Pool
- No Pool
- Flood Zone Code
- C0293E
- Parcel ID
- 06655-060-011
- Legal Description
- CEDAR RIDGE ADDN PB K-80 LOT 11 OR 4525/2461
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Listing courtesy of UNITED DREAM REAL ESTATE. Selling Office: ENGEL & VOLKERS GAINESVILLE.
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