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$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

  • 101 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

StellarMLS #GC523808

Listed
$399,000

Schools & Community

Neighborhood: 

Springhill

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 11/23/2024 at 5:30 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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