tomo logo

$150,000

Beds
3
Baths
1.0
sq ft
1,010

2618 NE 10th Ter, Gainesville, FL 32609

2618 NE 10th Ter

GAINESVILLE, FL 32609

  • 1 day on market
Investor Special: Discover a rare cash-only opportunity at 2618 NE 10th Terrace in Northeast Gainesville — a solid, block-on-slab 3-bedroom, 1-bath home (1,010?SF) priced to reflect the updates (roof, A/C, paint, bathroom, floors, kitchen) needed for immediate upside. With updated windows already in place and rental pro forma of $1,800/month post-renovation, this property delivers strong cash-flow potential in a rapidly appreciating market. Ideally situated just minutes from the University of Florida’s East Campus, UF main campus, Butler Plaza’s 150+ shops and restaurants, and Gainesville Regional Airport, residents enjoy unparalleled convenience. Outdoor enthusiasts will relish easy access to Paynes Prairie Preserve State Park (10-minute drive for hiking, wildlife viewing, observation tower), Kanapaha Botanical Gardens (15 minutes; home to Florida’s largest public bamboo garden), Devil’s Millhopper Geological State Park (12 minutes), and the Gainesville-Hawthorne State Trail (5 minutes) for biking and walking adventures. Comparable block homes in the neighborhood command $200K+, making this buy-and-hold rental an exceptional value play with upside. Schedule your showing today and secure a turnkey investment poised for both cash flow and appreciation.

Details

Property type

Single Family Residence

Est. home value

$173,562

Property condition

Fixer

Lot size

9,148 sq ft

Price per sq ft

$149

Year built

1960

Annual property taxes

$1,167.3

HOA

No

Price History

03/24/2025
StellarMLS

StellarMLS #TB8362894

Listed
$150,000
+63.04%
06/22/2018
StellarMLS

StellarMLS #GC414722

Sold
$92,000
+76.92%
05/07/2015
StellarMLS

StellarMLS #GC361648

Sold
$52,000
+26.83%

Schools & Community

Neighborhood: 

Highland Court Manor

Elementary school: 

Marjorie Kinnan Rawlings Elementary School-AL

Middle school: 

Howard W. Bishop Middle School-AL

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$58,770
Asking price
$150,000
Closing costs (~8% of asking)
-$12,000
Est. remaining loan balance
-$79,230
Cash to seller
$58,770

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

June 2018

Original loan amount

$90,333

Est. remaining balance

$79,230

Interest rate

4.58%

Loan type

FHA, 30 year

Seller

Kendra R Davis and Alton B Davis

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/25/2025 at 10:55 PM

Listing updated: 03/25/2025 at 6:59 AM

Listed by: Thomas Zopf, II, WEICHERT REALTORS EXCLUSIVE PROPERTIES Phone #: (813) 426-2669

MLS: StellarMLS #TB8362894

StellarMLS logo

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