725 SE 4th Ave, Gainesville, FL 32601
4 bed / 2 bath
1,593 sq ft
Built in 1959
Here’s a concrete block duplex located near downtown Gainesville and minutes from University of Florida. Each unit consists of 2 bedrooms and 1 bathroom and are separately metered for electric and water. The units are ducted for central air however each are utilizing wall units currently. Both units are occupied well below market rates at $600 per month, one with a subsidized lease and the other on a month to month. Previous seller completed minimal repairs over the course of his ownership however everything is in decent condition. Once the units are updated and rents are increased to $900 to $1000 per side, the AYP is phenomenal.
Available on 12.29.2020
Don’t let this excellent opportunity pass you by! Get it yours now!
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The sale of these properties may be contingent upon a successful close by the Buyer under Contract with the Current Owner. Seller may not be the owner of record of the applicable court jurisdiction; however, the Seller holds equitable interest in the property along with the owner of record and such interest is documented through an executed Purchase and Sale Agreement