915 SW 61ST STREET
GAINESVILLE, FL 32607

Residential Multi Family (Quadruplex)

0.23 Acres
3732 Sqft Living Area

8 Bedrooms

0 Bathrooms (0 Full, 0 Half)

Year Built: 1981

$535,000

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Property Description

Turn-key Investment property located in SW Gainesville with excellent property management already in place. The building is solid block construction with waterproof LVP flooring in the lower level to stand the test of time against both Florida's harsh climate as well as wear and tear from tenants. All A/C units were replaced in 2022 and the property underwent an extensive rehab. Roof replaced 2019. It's a Townhome-style quadplex, so there are no tenant complaints about noisy neighbors above them because they share a wall, not a floor/ceiling. Each unit has a spacious 2 bedrooms and 1.5 Baths floorplan. Located on the bus route and close to retail shops, restaurants and grocery stores in a rapidly improving area of a fast-growing Florida city. Not in a flood zone, sheltered inland from hurricanes, and six minutes from University of Florida, this quadplex is in an ideal long-term rental location with relatively low hazard insurance costs. Each unit is on a separate meter and the tenant pays; and washer and dryer hookups are included in the utility room for each individual unit. Average rent is $1100.00 per month per unit. The back of the building is fenced completely in. Your next investment awaits!