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$440,000

724 SW 68th Terrace Gainesville, FL 32607 Multi Unit - Multiple Active

  • 724 SW 68th Terrace, Gainesville, FL 32607 Main Photo

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Description

Renovated and cash-flowing brick quadruplex for sale with stellar occupancy history! All units are 2BD/1.5BA townhome style with open layouts and 975+/- sqft of living space. Unit A - $1,200, Unit B - $1,258, Unit C - Vacant for tours (previously $1,300), Unit D - $1,170. Completely remodeled kitchens and bathrooms, new fixtures, vinyl plank/tile flooring, private deck areas for both bedrooms, and private fenced backyard areas. Tenants pay all utilities, no HOA. 2025 asphalt shingle roof, 3 HVACs are less than 4 years old. Electric is copper wire with cutler hammer and square D breakers. Main plumbing drains are PVC. Plumbing supply lines are mainly copper with a few instances of CPVC in good condition with operable shutoff valves. Located at the front of the Cedar Ridge subdivision of Gainesville, FL; within 5 miles of the Oaks Mall, University of Florida, HCA North Florida Hospital, as well as several shopping centers & other amenities. This quad is being offered for sale along with 2 additional quadruplexes (1 directly adjacent) and duplex in the same subdivision (723 SW 69th St, 712 SW 70th Ter, and 714 SW 69th St). Buildings can be purchased individually or as portfolio. Marketing package linked with information on all buildings. If you're looking for a renovated, stabilized, and cash-flowing investment this is your opportunity! Call today to schedule a tour!

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.25 Acres
Roof Type: Shingle
Taxes: $8,883
Year Built: 1981

General Information

Bedrooms: 8
Sqft: 3,902
County: Alachua
Subdivision: CEDAR RIDGE
Listed By:
Joe Klenck THE MULTIFAMILY ADVISORS 352-871-8324

Amenities

Other
Other

Property Features

Annual Net Income: 43082.44
Days on Site: 1
Directions: From intersection of SW 75th ST (Tower Rd) and SW 8th Ave, head east on 8th Ave. First property (quad) is located on SW 70th St (turn Left) and subject is 2nd one on the left. From there continue north on 70th St and turn right on SW 6th Pl. Two additiona
Exterior: Block
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.25
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent
Special Sale Provisions: None
Utilities: Electricity Connected
Water: Public
Water Access Y/N: No
Zoning: R-3
$440,000
8beds
3,902sqft
New to the Market Active
BEDS8 BATHS SQUARE FEET3,902 MLS#GC542159
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCEDAR RIDGE

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724 SW 68th Terrace, Gainesville, FL 32607.

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Estimated Payment

$ 2,352.63 per month $1,484.05 Principal & Interest $740.25 Property Tax $128.33 Homeowner's Insurance

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