2321 Sw 31st Place, Gainesville, FL 32608
- $469,900
- 8
- BD
- 4
- BA
- 3,360
- SqFt
- List Price
- $469,900
- Status
- PENDING
- Days on Market
- 42
- MLS#
- GC540860
- Subtype
- Residential Income
- Style
- One Story
- Year Built
- 1983
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 3,360
- Lot Size
- 9,148
- Acres
- 0.21
- Subdivision
- Phoenix Sub Ph Ii Napier Grt
- MLS Area Major
- Gainesville
Property Description
Under contract-accepting backup offers. Excellent investment opportunity with this well-maintained quadplex in a convenient Gainesville location. The property consists of four 2-bedroom, 1-bath units, each offering approximately 840 square feet of living space. The units feature functional floor plans with spacious living areas, abundant natural light, tile flooring throughout, and kitchens with ample cabinet storage. All four units are currently leased, providing immediate and stable rental income. The property generates $4,400 per month in gross rental income ($52,800 annually). A metal roof was installed in 2022, offering added durability and reduced maintenance. Conveniently located near shopping, dining, public transportation, parks, major roadways, and a variety of local amenities. Nearby destinations include the University of Florida, UF Health Shands Hospital, the Malcolm Randall VA Medical Center, the UF College of Veterinary Medicine, Butler Plaza, Celebration Pointe, and Newnans Lake. This income-producing property presents an opportunity for investors seeking a fully leased multifamily asset in Gainesville. Contact us today for additional information, financial details, or to schedule a showing.
Additional Information
- Interior Features
- Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat
- Exterior Features
- None, Sidewalk
- HOA Fee
- $500
- HOA Freqency
- Semi-Annually
- Financing
- Cash, Conventional, FHA, VA Loan
- Location
- Corner Lot, City Limits, Level, Near Public Transit, Sidewalk, Paved
- Community Features
- None, Street Lights, No Deed Restriction
- Property Description
- One Story
- Zoning
- PD
- Appliances
- Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator
- Heating
- Central, Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Frame
- Exterior Features
- None, Sidewalk
- Levels
- One
- Roof
- Metal
- Foundation
- Slab
- Parking
- Open
- Parking Features
- Open
- Garage Features
- Open
- Elementary School
- Idylwild Elementary School-Al
- Middle School
- Kanapaha Middle School-Al
- High School
- Eastside High School-AL
Listing courtesy of FIRST CHOICE REALTY OF NORTH FLORIDA LLC. 352-514-9508
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