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  • Front (2)
  • Kitchen (2)
  • Bathroom (2)
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1302 SE 3rd Ave, Gainesville, FL 32641
1302 SE 3rd Ave, Gainesville, FL 32641
SOLD! $559,990 - Multifamily
7250 Sq Ft 15 Bedrooms 13 Bathrooms 1952 Year Built 31799 Sq Ft

Additional Details

  • Ideal Investment Strategy: Rental/Resale
  • Potential ARV: $750,000-$800,000
  • Comparable Rent: $9,400
  • Current Rent: $8,250
  • Construction: Frame
  • Occupancy: 12 Units Tenant Occupied. 1 Unit Vacant.
  • Rehab Description: All the units are in good condition and need no immediate repairs or updates. The roofs are roughly 5 years old, all appliances are in working condition, a/c unit work with no issues, tile is in great condition, the carpet could be replaced and/or cleaned if tenant(s) were to move out, and no electrical/plumbing issues reported. 1 unit just became recently vacant and will require a deep cleaning, carpet replaced, paint, and minor handyman work to make market ready.
  • Features: Income galore! 13 Doors in the heart of Gainesville! Located in Northern Lincoln Heights, 12/13 units are currently tenant occupied with valid rental agreements and on separate meters. All 7 buildings(6 duplexes and 1 Single Family) sit on 3/4 of an acre lot. Don't miss out on this rental portfolio yielding over a 13% return annually.
  • Important Details: Property Use Code: MULTIFAMILY (00300); 1 SFR + 6 Duplexes(2/1's)
Property Location