501 Sw 69th Street, Gainesville, FL 32607

$399,000
6
BD
2,898
SqFt
List Price
$399,000
Status
Active
Days on Market
94
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. 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. 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. 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!

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

Mortgage Calculator

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Listing courtesy of UNITED DREAM REAL ESTATE.

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