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508 NE 4th AVE Gainesville, FL 32601
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Key Details
Sold Price $1,125,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,182 sqft
Price per Sqft $122
Subdivision Duck Pond
MLS Listing ID GC444265
Sold Date 07/14/21
HOA Y/N No
Year Built 1969
Annual Tax Amount $11,165
Property Description
Great investment opportunity! 8 unit apartment complex in the beautiful historic Duckpond neighborhood of Gainesville, FL just blocks from the Downtown, the new Depot park and Cade Museum. Living in the Duckpond is truly a unique experience. Residents are in love with the turn of the century architecture and history of the surrounding Colonial style homes. Within walking distance to the downtown which boasts some of the best entertainment, shops, bars, fine restaurants, theatre, parks, open air concerts – the area has a lot to offer. One thing is for sure, everyone who lives downtown loves being so close to the nightlife, a morning cup of coffee at a local cafe or a walk through one of the many parks the area has to offer. Not to mention its only 1 mile to the University of Florida and 2 miles to Shands hospital. Each unit has 2 bedrooms & 1.5 baths, central AC/heat, dishwasher, and a personal patio. These units are currently long-term rentals but they are begging to be run as an Airbnb/short-term rental, which could double if not triple your income. They could fit 4-8 adults per unit with pull-out sofas. They are not only in the perfect location, they are the perfect size!
Location
State FL
County Alachua
Community Duck Pond
Interior
Heating Central, Electric
Cooling Central Air
Furnishings Unfurnished
Appliance Cooktop, Freezer, Oven, Refrigerator
Laundry Outside
Exterior
Porch Patio
Building
Lot Description Corner Lot
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Structure Type Block,Cement Siding,Concrete
Others
Acceptable Financing Cash
Membership Fee Required None
Listing Terms Cash
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Bought with BHGRE Thomas Group