637 NE 13th St, Gainesville, FL 32601
SOLD! $134,990 - Single Family
Additional Details
- Important Details: --> 14-day post-occupancy --> 4/1 layout with converted garage
- Features: New dual-threat in Gainesville! This 4 bedroom, 1 bathroom concrete block home features 1,157 sqft of living space with a converted garage. This home is located on the East side of town right off Waldo and University. Just a few minutes from downtown, University of Florida, and the airport. This deal won't last!
- Rehab Description: For a flip or rental, this home needs cosmetic updates to the kitchen, bathroom, flooring, and trim/fixtures. Start with a trash out and deep clean. Apply fresh paint throughout interior. Update the flooring throughout. Kitchen and bathroom have been updated. Roof is newer and in good condition with no visual signs of leaks or damage. Central HVAC is in good working order. Electrical and plumbing are aged but in good working order. Spot repair the exterior front wood paneling of addition. Finish renovation by power washing exterior and landscaping to boost curb appeal. Optionally, add a bathroom to make layout a 4/2 to increase value or convert back to a 3/1 with 1-car garage. Remove/repair wood shed in backyard.
- Estimated Rehab: $25,000 - $30,000
- Ideal Investment Strategy: Rental/Resale
- Potential ARV: $210,000 - $230,000
- Comparable Rent: $2,200
- Construction: CBS
- Comp 1: 548 NE 12th St Gainesville, FL 32601 3/1, 1143 sqft PENDING at $224k (1955 build, updated, 1 less bedroom, older build)
- Comp 2: 1303 NE 3rd Ave, Gainesville, FL 32641 3/1 1264 sqft SOLD $199k in JUNE 2023 (1985 build, dated, 1 less bedroom, converted garage)
- Comp 3: 529 NE 12th Ct, Gainesville, FL 32601 3/2, 1296 sqft SOLD $197k in AUGUST 2023 (1955 build, partially updated, 1 less bedroom, frame)
- Comp 4: 1020 NE 1st Ave, Gainesville, FL 32601 3/1, 1104 sqft PENDING at $189k (1947 build, updated, 1 less bedroom, older build)
- Comp 5: 1028 NE 7th Ave, Gainesville, FL 32601 2/1, 1096 sqft LEASED at $2,000/mo (1948 build, updated, 2 less bedrooms, smaller)