Gainesville, FL 32607,501 SW 69TH ST
Gainesville, FL 32607,501 SW 69TH ST
Gainesville, FL 32607,501 SW 69TH ST
Gainesville, FL 32607,501 SW 69TH ST
Gainesville, FL 32607,501 SW 69TH ST
Gainesville, FL 32607,501 SW 69TH ST
See all 49 photos

$350,000

$399,000

12.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

6 Beds

6 Baths

2,898 SqFt


SOLD DATE : 08/30/2024

Key Details

Sold Price $350,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,898 sqft

Price per Sqft $120

Subdivision Cedar Ridge Add

MLS Listing ID GC517116

Sold Date 08/30/24

Bedrooms 6

HOA Y/N No

Originating Board Stellar MLS

Year Built 1983

Annual Tax Amount $4,628

Lot Size 10,018 Sqft

Acres 0.23

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!

Location

State FL

County Alachua

Community Cedar Ridge Add

Zoning R-3

Interior

Interior Features Ninguno

Heating Central

Cooling Central Air

Flooring Carpet, Tile, Vinyl

Fireplace false

Exterior

Exterior Feature Other

Utilities Available Cable Available

Roof Type Metal

Garage false

Private Pool No

Building

Foundation Other

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Brick,Vinyl Siding

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

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Stellar MLS
Listed by UNITED DREAM REAL ESTATE
Bought with ENGEL & VOLKERS GAINESVILLE
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