Last Sold Price
8 beds4 baths3,700 sqft$135/sqft
924 SW 59 Ter, Gainesville, FL 32607

Description

Introducing a charming fourplex property located in the vibrant city of Gainesville. One unit was partially renovated in 2021, kitchen and floors. This multi-family dwelling offers an excellent investment opportunity and is perfect for individuals looking to expand their real estate portfolio. Rents are below market rates by $200-$400 per unit. This fourplex is conveniently located close to major amenities, including shopping centers, restaurants, parks, and entertainment options. Its prime location...Introducing a charming fourplex property located in the vibrant city of Gainesville. One unit was partially renovated in 2021, kitchen and floors. This multi-family dwelling offers an excellent investment opportunity and is perfect for individuals looking to expand their real estate portfolio. Rents are below market rates by $200-$400 per unit. This fourplex is conveniently located close to major amenities, including shopping centers, restaurants, parks, and entertainment options. Its prime location provides easy access to transportation routes, making commuting a breeze. Each unit within the fourplex features 2 bedrooms and 1 bathrooms, providing comfortable and spacious living arrangements for tenants. Please see attached rental income and expenses .
LISTING CLOSED: 09/05/2023 12:00 AM

  1. Listed by Abiel Ballesteros • Brokerage DRE #1046155 • UNITED DREAM REAL ESTATE
    P: (786) 355-6646 C: (786) 355-6646 abiel@abielballesteros.com

Property Details for 924 Southwest 59 Terrace

Status
MLS #
GC513782
Days on Market
41
Taxes
$4,940 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Quadruplex
Year Built
1981
Lot Size
0.26 AC / 11,326 SF
Subdivision Name
SUGARFOOT OAKS
Township
10
View
Garden
Waterfront
No

Recent comparable sales

Median sold price

$455,000

Avg days on market

52

Sale-to-list ratio

94.2%

Gainesville, FL

9 comparable properties found

$500,000 | 915 Southwest 61st Street, Unit AD, Gainesville, FL 32607
1/2
1

$500,000

Sold 10/18/24

8
Bedrooms
4
Bathrooms
3,732
Square Feet
0.23
Acres
$450,000 | 7225 Southwest 42nd Place, Gainesville, FL 32608
1/2
2

$450,000

Sold 11/09/24

8
Bedrooms
4
Bathrooms
3,214
Square Feet
0.34
Acres
a front view of a house with yard and trees
1/2
3

$525,000

Sold 03/13/26

8
Bedrooms
4
Bathrooms
3,660
Square Feet
0.35
Acres
a front view of a house with cars parked
1/2
4

$437,500

Sold 04/21/25

8
Bedrooms
4
Bathrooms
3,348
Square Feet
0.3
Acres
a front view of a house with cars parked
1/2
5

$437,500

Sold 04/21/25

8
Bedrooms
4
Bathrooms
3,348
Square Feet
0.3
Acres
$455,000 | 3605 Southwest 29th Terrace, Gainesville, FL 32608
1/38
6

$455,000

Sold 06/25/26

8
Bedrooms
4
Bathrooms
3,424
Square Feet
0.3
Acres
a front view of a house with a yard
1/2
7

$455,000

Sold 09/17/25

8
Bedrooms
4
Bathrooms
3,240
Square Feet
0.3
Acres
a front view of a house with a garden and porch
1/2
8

$467,000

Sold 04/09/25

8
Bedrooms
4
Bathrooms
3,200
Square Feet
0.3
Acres
a aerial view of a house with a backyard
1/2
9

$450,000

Sold 02/24/25

8
Bedrooms
4
Bathrooms
3,136
Square Feet
0.22
Acres

Location

Listing Courtesy of UNITED DREAM REAL ESTATE

Sold By PARK PLACE REAL ESTATE

Add your commute

Building Information for 924 Southwest 59 Terrace

Stories-Residences1Year Built1981Building Size-Lot Size0.26 AC / 11,326 SF

Payment Calculator

$2,953 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,541

Property Taxes

$412

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 924 Southwest 59 Terrace

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: It is easily located in the google maps.
  • Elementary School: Hidden Oak Elementary School-AL
  • Middle Or Junior School: Fort Clarke Middle School-AL
  • High School: F. W. Buchholz High School-AL
  • Mls Major Change Type: Sold
  • Major Change Type: Closed
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 924
  • Street Direction Prefix: SW
  • Street Name: 59TH
  • Street Suffix: TERRACE
  • State: FL
  • City: GAINESVILLE
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Book Number: K-32
  • Tax Legal Description: SUGARFOOT OAKS UNIT 2 PB K-32 ALSO IN SEC 10-10-19 LOT 39 OR 4179/0611
  • Tax Lot: 39
  • Tax Year: 2022
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 06675009039
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: R-2A
  • Living Area: 3700
Property and Assessments
  • Year Built Numeric: 1981
  • Flood Zone Code: C0293E
  • New Construction: No
  • Public Survey Range: 19
  • Public Survey Section: 9
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Water Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Brick
  • Exterior Features: Balcony, Courtyard, Other
  • Foundation Details: Other
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 8
  • Cooling: Central Air
  • Fireplace: No
  • Heating: Central
  • Interior Features: Ceiling Fan(s)
  • Living Area Source: Appraiser
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Expenses: $22,811
  • Annual Net Income: $28,745.00
  • Est Annual Market Income: $36,919.00
  • Gross Income: $46,800
  • Total Monthly Expenses: $16,164
  • Unit Count: 4
Rental
Rental Information
  • Tenant Pays: Electricity, Water
  • Total Actual Rent: $3,900
  • Pets Allowed: Yes

Property History for 924 Southwest 59 Terrace

DateEvent & SourcePriceAppreciation
Sep 5, 2023

Sold

MFRMLS #GC513782

$500,000
Jul 13, 2023

Pending

MFRMLS #GC513782

Jun 2, 2023

Listed (Active)

MFRMLS #GC513782

$510,000
DateEvent & SourcePrice
09/05/2023

Sold

MFRMLS #GC513782

$500,000
07/13/2023

Pending

MFRMLS #GC513782

06/02/2023

Listed (Active)

MFRMLS #GC513782

$510,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 924 Southwest 59 Terrace

Taxable ValueLand$65,000Additions$326,076Total$391,076
Tax Record2024$8,118 ($676 / month)
Home Facts
Total Finished SqFt3,700 SqFtAbove Grade Finished SqFt3,700 SqFtStories1Lot Size11,326 SqFtStyleQuadraplexYear Built1981Year Renovated1995ZoningR-2ACountyALACHUAAPN06675-009-039

Schools near 924 Southwest 59 Terrace

This home is within Alachua.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 8 to 12
Rating
School
Distance
Hidden Oak Elementary School
PublicPK to 5

Fort Clarke Middle School
Public6 to 8

F. W. Buchholz High School
Public9 to 12

Siatech Gainesville
Charter8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of UNITED DREAM REAL ESTATE

Based on information from one of the following Multiple Listing Services: Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.