501 Southwest 69th Street
501 Southwest 69th Street
$399,000
6
2,898
2,898
$138
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!
- Listed by Abiel Ballesteros • UNITED DREAM REAL ESTATE
Property Details for 501 Southwest 69th Street
Subdivision Name
CEDAR RIDGE ADD
Township10
WaterfrontNo
Location
LISTING UPDATED: 04/23/2024 03:37 PM
Property Details for 501 Southwest 69th Street
Status | Active |
---|---|
MLS # | GC517116 |
Days on Market | 162 |
Taxes | $4,629 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Triplex |
Year Built | 1983 |
Lot Size | 0.23 AC / 10,019 SF |
County | Alachua County |
Location
Building Information for 501 Southwest 69th Street
Stories-Residences3Year Built1983Building Size-Lot Size0.23 AC / 10,019 SF
Payment Calculator
$2,563 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 501 Southwest 69th Street
Property History for 501 Southwest 69th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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