$1,300,000

201 SE 2nd Avenue

Gainesville FL, 32601

Description

Investor opportunity to purchase a turn key rental portfolio which includes 6 units in the downtown Gainesville area. 4 of the units have tenants in place through 7/31/2021. The other 2 units are a fully furnished duplex being used as an AirBnB. All units have been updated and remodeled. Units are located at 620 SW 4th St (3bed/2bath) $1,825/month, 1016 SE 7th Ave (3bed/1bath) $900/month, 715 NW 7th Ave (3bed/2bath) $1,400/month, 201 SE 2nd Ave #303 (2bed/2bath) $1,575/month, 821 & 825 SW 2nd Ter (both 3bed/1bath) ~$5,930/avg monthly AirBnB net income. Annual Gross Income of ~$139,560 with $18,399 in expenses equals $121,161 of net operating income. All roofs are 2015 or newer, HVACs & Water Heaters are 2014 or newer.

Details

MLS#439369
Listing TypeFor Sale
Sub-TypeResale
Status1_0
Year2000
Days On Site77

Features

SQ Feet6,418
Units6

Market Activity 32601

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Area Information
StateFL
CountyAlachua
CityGainesville
Zip Code32601
AreaAlachua
Listing VS Median (in 32601)
Price:
$1,300,000
low | high
Med:
$18,723
100% of Average
SqFt:
6,418
low | high
Med:
5,225
68.588345278903% of Average
$ / SqFt:
$203
low | high
Med:
$4
100% of Average
On Site:
77
low | high
Med:
340
22.647058823529% of Average
Listing Updated: January 21, 2021 8:07:31 PM PST
Brian Oen LogoMLS Number: 439369
Listing Provided By:
Brian Oen  of  BHGRE Thomas Group
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