Additional Details

• Important Details: --> 2/2.5 townhome --> New Lease begins 8/1/2023 --> Tax-assessed at $105k!
• Features: Looking for a rental with good long-term tenants in place? This 2 bedroom, 2.5 bathroom townhome features 986 sqft of living space. Leased at $1300/mo starting in August, these tenants have treated this unit with care and just re-signed an increase rental agreement. Conveniently located near UF, Shands, and several local parks. Add this rental to your portfolio and start cash-flowing immediately!
• Potential ARV: $150,000 - $160,000
• Rehab Description: For a rental, this townhome currently needs nothing as it's currently leased and the new lease with increased rates begins in August 2023.
• Estimated Rehab: $0.00 - $2,000
• Ideal Investment Strategy: Rental
• Comparable Rent: $1300
• Construction: Frame
• Comp 1: 1710 NW 7th St APT 103, Gainesville, FL 32609 (2/2.5, 986 sqft) SOLD $143k in JULY 2022 (same complex, as-is sale)
• Comp 2: 1710 NW 7th St APT 101, Gainesville, FL 32609 (2/2.5, 986 sqft) (SOLD $135,000 in MAY 2022 (same complex, as-is sale)
• Comp 3: 1710 NW 7th St APT 301, Gainesville, FL 32609 (2/2.5, 986 sqft) Sold for $120,000 on 10/7/22 (same complex, as-is off-market sale)
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab