Additional Details

• Important Details: --> VACANT! --> 0.39 acre corner lot --> Located in desirable Black Acres neighborhood
• Features: INVESTOR'S DREAM! Triple-threat for a flip, college rental, or Airbnb! This 3 bedroom, 2 bathroom home features 1,692 sqft of living space with an attached 2-car garage. This property holds incredible investment potential with built-in equity. Conveniently tucked away off of University Ave, within walking distance to UF and only 1.4 miles from Ben Hill Griffin Stadium!
• Potential ARV: $380,000 - $400,000
• Rehab Description: For a flip or a rental, this needs a full renovation. Start with a trash out. Replace the kitchen, flooring, bathrooms, and all trim/fixtures. Roof is dated and needs to be replaced. Electrical, plumbing, and Central HVAC may all need attention. Apply fresh interior/exterior paint and do some landscaping to round out the renovation and boost appeal.
• Estimated Rehab: $50,000 - $65,000
• Ideal Investment Strategy: Rental/Resale/Airbnb
• Comparable Rent: $2500
• Construction: Frame/Brick Veneer
• Comp 1: 314 NW 29th St, Gainesville, FL 32607 3/2, 1685 sq ft SOLD $384K in MAY (1963 build, partially updated, 2-car garage, 0.28 acres)
• Comp 2: 3941 SW 1st Ave, Gainesville, FL 32607 3/2, 1882 sq ft SOLD $383K in MAY (1957 build, cbs, updated, no garage/carport, 0.31 acres)
• Comp 3: 3056 W University Ave, Gainesville, FL 32607 4/2, 1650 sqft SOLD $376k in MARCH (1975 build, updated to rental condition, no garage/carport, on main road)
• Comp 4: 304 NW 24th St, Gainesville, FL 32607 3/2, 1649 sq ft SOLD $350K in MAY 2023 (1954 build, extremely dated, no garage/carport, 0.20 acres)
• Comp 5: 410 NW 26th St, Gainesville, FL 32607 4/3, 1649 sq ft SOLD $400K in JUNE (1950 build, renovated with additions to increase bed/bath, no garage/carport)