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2442 NW 59TH AVENUE

Multi-family Recently Sold
$375,000

BTC: 5.85937500

ETH: 210.67415730

Sold on: 2023-12-15
1 days
0 room(s)
3,348 sqft

Overview

This quad is part of a real estate portfolio for sale or as a stand alone quad for sale! Great starter investment property or live in one unit and rent the other 3! Each unit has 2 bedrooms and 1 bath with individual laundry hook-ups! Centrally located in NW Gainesville, walking distance to the Super Walmart Center and a quick drive to UF Health! Currently renting way below market values and room to go up on current cap rate! Several improvements have been done in the recent years including 3 updated water heaters, 3 updated ACs, 3 updated refrigerators, 2 units with updated flooring, one unit with newer cabinetry and one updated stove! Current gross rents at $2995/month! Interior pictures maybe of different units.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1981
Lot:
0.13 Acres
Heating:
Central / Electric
Price/sqft:
$114
Cooling:
Central Air
HOA:
$260

Valuation

Our model vs. what's actually selling nearby.
Estimate
$337,500
$328K – $368K
Confidence Medium
List vs. estimate
$42K above estimate
List $380,000 · +12.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$113
-48.5% vs. city median $220
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,570
2022
HOA
$260/qtr
Pets
Allowed
All facts and features
  • Flooring

    • Carpet

    • Ceramic Tile

    • Other

    • Vinyl

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Refrigerator

    Other interior features

    • Open Floorplan

  • Property

    • Levels: One

    • Exterior Features: Other

    Lot

    • Lot: 0.13 Acres

    Other Property Information

    • Parcel Number: 06014007077

    • Zoning: PD

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Electricity Available

    • Public

  • Other financial information

    • HOA: $260

    • HOA Frequency: Quarterly

    • Annual tax amount: $3,570

  • Source details

    • MLS ID: GC517523

    Other facts

    • Construction Materials: Brick

    • Foundation Details: Slab

    • Living Area: 3348

    • Water Source: Public

    • Subdivision Name: PINE RIDGE (450)

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: RE/MAX PROFESSIONALS