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501 SW 69th Street

Gainesville, FL 32607
  • $399,000
  • STATUS: Active
  • ON SITE: 183 Days
  • MLS #: GC517116
UPDATED: 198 min ago
$399,000
  • 6
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,898
    SQFT
  • $138
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1983
County:
Area:

School Ratings & Info

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!

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-05-23T23:49:43.197.
www.momentumrealtors.com/homes/145441697
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501 SW 69th Street Gainesville, FL 32607

  • Price: $399,000
  • Status: Active
  • On Site: 183 Days
  • Updated: 198 min ago
  • MLS #: GC517116
6
Beds
0
Baths
0
½ Baths
0.23
Acres
2,898
SQFT
$138
$/SQFT
1983
Built
Neighborhood:
Cedar Ridge Add
County:
Alachua
Area:
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!
Exterior Features

Carport Yn No Construction Materials BrickVinyl Siding Exterior Features Other Foundation Details Other Pool Private Yn No Road Surface Type Asphalt Roof Metal Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Cooling Central Air Cooling YN Yes Fireplace Yn No Flooring CarpetTileVinyl Heating Central Heating YN Yes Interior Features Ninguno Sewer Public Sewer Water Source Public

Property Features

Annual Net Income 21000 Association Yn No Cdd Yn No Down Payment Resource Yes Flood Zone Code C0293E Garage Yn No Listing Terms CashConventionalFHAVA Loan New Construction Yn No Ownership Fee Simple Property Sub Type Triplex Senior Community Yn No Special Listing Conditions None Tax Annual Amount 4628.56 Total Annual Fees 0 Total Monthly Fees 0 Utilities Cable Available Zoning R-3


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of UNITED DREAM REAL ESTATE: 305-901-5331.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-05-23T23:49:43.197.
 
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12627 San Jose Blvd. 303
Jacksonville FL, 32223