$399,000
- Beds
- 4
- Baths
- 4.0
- sq ft
- 1,584
TBD SE 9TH STREET, GAINESVILLE, FL 32601
TBD SE 9TH STREET
GAINESVILLE, FL 32601
- 86 days on market
Pre-Construction. To be built. For more than a decade, Eastwood Construction has been Gainesville’s top developer of new homes walkable to the University of Florida and Downtown with a proven track record of building more than 100 profitable rental properties.
With four bedrooms and four bathrooms, this model brings in $3400-$3500 per month in rental income and is centrally located biking distance to the University of Florida and Downtown Gainesville. This property is part of the first phase of development in this area, with more than 30 homes of similar quality planned, presenting a unique opportunity to invest in one of Gainesville’s most promising neighborhoods. This particular lot will allow for ample off street parking with a strategically placed parking area and has a large green space in the rear of the property that provides for a peaceful and natural backyard.
The 4/4 floor plan presents a CAP rate at 7.4% with a levereged return at almost 11% after all debts and management fees.
No HOA or local restrictions make this an ideal short or long-term rental. Optional add-ons for detached apartment are a possibility. This home is being sold pre-construction and can be completed in 8 months making it an ideal investment for Fall 2025. Photos are of a previously constructed property of similar quality and layout.
Details
Property type
Single Family Residence
Property condition
New Construction
Lot size
2,500 sq ft
Price per sq ft
$252
Year built
2025
Annual property taxes
$297
Price History
08/14/2024
StellarMLS #GC523808
Listed
$399,000
Schools & Community
Neighborhood:
Springhill
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 11/08/2024 at 6:05 AM
Listing updated: 08/27/2024 at 1:26 PM
Listed by: Megan Atwater, SAGE REAL ESTATE Phone #: (352) 219-2033
MLS: StellarMLS #GC523808
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