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$220,000

1509 NE 5th Ave Gainesville, FL 32641 Multi Unit - Multiple Pending

  • 1509 NE 5th Ave, Gainesville, FL 32641 Main Photo

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Description

Under contract-accepting backup offers. Investors!!! Priced to Sell!!! This NE Gainesville duplex offers a turnkey opportunity for investors seeking immediate cash flow in a high-demand rental market.Unit Configuration: Two identical units, each featuring 2 bedrooms, 1 bathroom, a flex room, a living room, and a full kitchen.Low-maintenance flooring with tile floors-no carpets.Size: Approximately 793.5 sq. ft. each side (1,587 total sq. ft.).Outdoor Space: Oversized backyard that backs directly onto a public playground, providing a rare amenity for families. Fully fenced in. Immediate Income: Both units are currently occupied, allowing for a seamless transition of rental revenue.Prime Location: Proximity to downtown Gainesville, local schools, and major shopping centers ensures long-term tenant desirability.Growth Area: Gainesville's steady rental market is bolstered by its proximity to the University of Florida and regional medical centers.This property is priced right and sold as is! Bring all offers.

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Electric
Lot Size: 0.28 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $2,909
Year Built: 1980

General Information

Bedrooms: 12
Sqft: 1,587
County: Alachua
Subdivision: NEW GAINESVILLE
Listed By:
Deena Erickson-Klacko EXP REALTY LLC 888-883-8509

Amenities

Ceiling Fans(s)
Private Entrance
Private Mailbox
Private Yard

Property Features

Annual Net Income: 3000.00
Appliances: Electric Water Heater, Range, Refrigerator
Days on Site: 3
Directions: Heading on E University towards Hawthorne Rd, go to NE 15th St and turn left, follow to NE 5th Ave and turn right, and the Duplex will be on your right-hand side.
Exterior: Block
Flood Zone Code: x
Flooring: Tile, Vinyl
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Paved
Lot Dimensions: 0.28
Number of Pets: 2
Other Equipment: Private Entrance, Private Yard
Ownership: Fee Simple
Pets Allowed: Cats OK, Dogs OK
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent, See Remarks
Special Sale Provisions: None
Utilities: Electricity Connected, Sewer Connected, Underground Utilities
Water: Public
Water Access Y/N: No
Zoning: RC
$220,000
12beds
1,587sqft
New to the Market Pending
BEDS12 BATHS SQUARE FEET1,587 MLS#GC542741
STATUSPending PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONNEW GAINESVILLE

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1509 NE 5th Ave, Gainesville, FL 32641.

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Estimated Payment

$ 1,048.61 per month $742.02 Principal & Interest $242.42 Property Tax $64.17 Homeowner's Insurance

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