501 Southwest 69th Street

Gainesville, FL 32607

$399,000
Price
6
Beds
2,898 Sq. Ft.
$138 / Sq. Ft.
2,898
Sq. Ft.
$138
per Sq. Ft.

Description

Exceptional Investment Opportunity in Cedar Ridge, Gainesville! Delight in the potential of this charming triplex nestled in the tranquil Cedar Ridge neighborhood, a prime investment in the heart of SW Gainesville FL. Poised in a rapidly gentrifying area, this property features three units, with two beautifully updated and one ready for your creative vision to enhance its charm and value. Currently fully occupied with rents below market value, there's significant upside potential, with market rents...Exceptional Investment Opportunity in Cedar Ridge, Gainesville! Delight in the potential of this charming triplex nestled in the tranquil Cedar Ridge neighborhood, a prime investment in the heart of SW Gainesville FL. Poised in a rapidly gentrifying area, this property features three units, with two beautifully updated and one ready for your creative vision to enhance its charm and value. Currently fully occupied with rents below market value, there's significant upside potential, with market rents supporting $1,100 to $1,200 per unit. This is a golden chance to increase your revenue with minimal effort. The property features a durable metal roof installed in 2018, ensuring low maintenance costs, and the exterior has been freshly repainted, enhancing its curb appeal. Located in a quiet, family-friendly area, this property enjoys a strong tenant pool, ensuring it's never vacant. Its proximity to local amenities, top-rated schools, and vibrant Gainesville attractions, like the University of Florida and numerous parks and recreational facilities, makes it an attractive option for renters. Gainesville is known for its lush green spaces, vibrant cultural scene, and bustling downtown, offering a perfect blend of urban convenience and natural beauty. With a strong job market and a growing population, it's an ideal location for property investment. Don't miss out on this fantastic opportunity to own a piece of Gainesville's thriving rental market. A smart investment, whether you're looking to expand your portfolio or stepping into the property investment world. Contact us today to learn more about this promising property!
  1. Listed by Abiel Ballesteros • UNITED DREAM REAL ESTATE

Property Details for 501 Southwest 69th Street

Subdivision Name
CEDAR RIDGE ADD
Township
10
Waterfront
No

Location

Listing Courtesy of UNITED DREAM REAL ESTATE
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LISTING UPDATED: 04/23/2024 03:37 PM

Property Details for 501 Southwest 69th Street

StatusActive
MLS #GC517116
Days on Market162
Taxes$4,629 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1983
Lot Size0.23 AC / 10,019 SF
CountyAlachua County

Location

Listing Courtesy of UNITED DREAM REAL ESTATE
Add your commute

Building Information for 501 Southwest 69th Street

Stories-Residences3Year Built1983Building Size-Lot Size0.23 AC / 10,019 SF

Payment Calculator

$2,563 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,178

Property Taxes

$386

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 501 Southwest 69th Street

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: From Tower Road turn onto SW 8th Avenue. Make a left onto SW 67th Terrace followed by a left onto SW 5th Place. Property will be on the right of SW 69th St.
  • Mls Major Change Type: Back On Market
  • Major Change Type: Back On Market
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 501
  • Street Direction Prefix: SW
  • Street Name: 69TH
  • Street Suffix: STREET
  • State: FL
  • City: GAINESVILLE
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Book Number: K-80
  • Tax Legal Description: CEDAR RIDGE ADDN PB K-80 LOT 11 OR 4525/2461
  • Tax Lot: 11
  • Tax Year: 2022
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 06655-060-011
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: R-3
  • Living Area: 2898
Property and Assessments
  • Year Built Numeric: 1983
  • Flood Zone Code: C0293E
  • New Construction: No
  • Public Survey Range: 19
  • Public Survey Section: 4
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Vinyl Siding
  • Exterior Features: Other
  • Foundation Details: Other
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Metal
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 6
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Carpet, Tile, Vinyl
  • Heating: Central
  • Interior Features: Ninguno
  • Living Area Source: Appraiser
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $21,000.00
  • Unit Count: 3
Unit 1
  • Unit Type Baths Total 1: 2
  • Unit Type Beds Total 1: 2
  • Unit Type Heated Sq Ft 1: 966
  • Unit Type Number Of Units Occupied 1: 1
  • Unit Type Pro Forma 1: 995
  • Unit Type Type 1: 2 Bed/2 Bath
  • Unit Type Units Total 1: 1
Unit 2
  • Unit Type Baths Total 2: 2
  • Unit Type Beds Total 2: 2
  • Unit Type Heated Sq Ft 2: 966
  • Unit Type Number Of Units Occupied 2: 1
  • Unit Type Pro Forma 2: 950
  • Unit Type Type 2: 2 Bed/2 Bath
  • Unit Type Units Total 2: 1
Unit 3
  • Unit Type Baths Total 3: 2
  • Unit Type Beds Total 3: 2
  • Unit Type Heated Sq Ft 3: 966
  • Unit Type Number Of Units Occupied 3: 1
  • Unit Type Pro Forma 3: 995
  • Unit Type Type 3: 2 Bed/2 Bath
  • Unit Type Units Total 3: 1

Property History for 501 Southwest 69th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 501 Southwest 69th Street

Taxable ValueLand$40,000Additions$129,577Total$169,577
Tax Record2023$4,877 ($406 / month)
Home Facts
Total Finished SqFt2,898 SqFtAbove Grade Finished SqFt2,898 SqFtStories1Lot Size10,019 SqFtStyleQuadraplexYear Built1983ZoningR-3CountyALACHUAAPN06655-060-011

Schools near 501 Southwest 69th Street

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

Fort Clarke Middle School
Public6 to 9

F. W. Buchholz High School
Public9 to 12

Siatech Gainesville
Charter9 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.

Similar Homes

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501 Southwest 69th Street is a multi-family home for sale in Gainesville, FL 32607. This property was listed for sale on November 22, 2023 by UNITED DREAM REAL ESTATE, it's currently listed at $399,000. It has been on the market for a total of 162 days and was last sold on May 11, 2021. This listing's school district is Alachua. Nearby schools include Myra Terwilliger Elementary School, Fort Clarke Middle School and F. W. Buchholz High School. 501 Southwest 69th Street is a 6-bed, 0-bath, 2,898 sqft multi-family home built in 1983.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. 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.