TBD SE 9TH ST Gainesville, FL 32601
UPDATED:
08/27/2024 09:25 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,584 sqft
Price per Sqft $251
Subdivision Mcdowall'S
MLS Listing ID GC523808
Bedrooms 4
Full Baths 4
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $297
Lot Size 2,613 Sqft
Acres 0.06
Property Description
With four bedrooms and four bathrooms, this model brings in $3400-$3500 per month in rental income and is centrally located biking distance to the University of Florida and Downtown Gainesville. This property is part of the first phase of development in this area, with more than 30 homes of similar quality planned, presenting a unique opportunity to invest in one of Gainesville’s most promising neighborhoods. This particular lot will allow for ample off street parking with a strategically placed parking area and has a large green space in the rear of the property that provides for a peaceful and natural backyard.
The 4/4 floor plan presents a CAP rate at 7.4% with a levereged return at almost 11% after all debts and management fees.
No HOA or local restrictions make this an ideal short or long-term rental. Optional add-ons for detached apartment are a possibility. This home is being sold pre-construction and can be completed in 8 months making it an ideal investment for Fall 2025. Photos are of a previously constructed property of similar quality and layout.
Location
State FL
County Alachua
Community Mcdowall'S
Zoning U3
Interior
Interior Features Ceiling Fans(s), L Dining
Heating Central, Electric
Cooling Central Air
Flooring Laminate
Fireplace false
Appliance Dishwasher, Disposal, Range, Range Hood, Refrigerator
Laundry Laundry Closet
Exterior
Exterior Feature Garden, Lighting, Private Mailbox, Sidewalk
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Public, Sewer Connected, Street Lights, Underground Utilities, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level Two
Foundation Stem Wall
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Cement Siding,Wood Frame
New Construction true
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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