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501 SW 69TH STREET

Multi-family For Sale
$399,000

BTC: 6.00611540

ETH: 110.93163108

207 days
6 bds
2,898 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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!

Location

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1983
Lot:
0.23 Acres
Heating:
Central
Price/sqft:
$138
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Flooring

    • Carpet

    • Tile

    • Vinyl

    Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Ninguno

    Bedrooms and bathrooms

    • Bedrooms: 6

  • Property

    • Exterior Features: Other

    Lot

    • Lot: 0.23 Acres

    Other Property Information

    • Parcel Number: 06655060011

    • Zoning: R-3

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Cable Available

  • Other financial information

    • Annual tax amount: $4,629

  • Source details

    • MLS ID: GC517116

    Other facts

    • Construction Materials: Brick / Vinyl Siding

    • Foundation Details: Other

    • Living Area: 2898

    • Water Source: Public

    • Subdivision Name: CEDAR RIDGE ADD

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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 ©2024-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: UNITED DREAM REAL ESTATE