716 Northeast 4th Avenue

Gainesville, FL 32601

$1,500,000
Price
12
Beds
6,501 Sq. Ft.
$231 / Sq. Ft.
6,501
Sq. Ft.
$231
per Sq. Ft.

Description

Six-unit fully remodeled Multifamily Opportunity located in the well-established and highly desirable Duckpond area near Downtown Gainesville, Florida. All units are 2 beds/ 1 bath with in-place rents averaging $1,867/month and all capx has been completely done. Great place to park your money safely and watch it grow over time. These spacious 2-bedroom units average 1084/sqft each. These units were built in 1930 and 1940, 2-story, 3 buildings with 2 being concrete block and one being frame, and they...Six-unit fully remodeled Multifamily Opportunity located in the well-established and highly desirable Duckpond area near Downtown Gainesville, Florida. All units are 2 beds/ 1 bath with in-place rents averaging $1,867/month and all capx has been completely done. Great place to park your money safely and watch it grow over time. These spacious 2-bedroom units average 1084/sqft each. These units were built in 1930 and 1940, 2-story, 3 buildings with 2 being concrete block and one being frame, and they sit on a spacious 0.41-acre lot. All 3 buildings include new roofs (2022, 2023), new Trane central heating & cooling units, new gas tankless water heaters, fully updated plumbing with supply lines and sewer lines, all new electrical panels, wiring, outlets, and switches, and full interior renovations. Landlord currently provides three washer/dryer hookups with washers and dryers (one for each building). There is the potential of adding more washer/dryer hookups either in the units themselves or the 6 individual garages under the back building. Tenant pays all utilities including water, sewer, and trash.
  1. Listed by Ken Mears • BHGRE THOMAS GROUP
  2. Listed by Brian Oen • BHGRE THOMAS GROUP

Property Details for 716 Northeast 4th Avenue

Subdivision Name
DOIG & ROBERTSON
Township
10
Garage Spaces
6
Waterfront
No

Location

Listing Courtesy of BHGRE THOMAS GROUP
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LISTING UPDATED: 04/25/2024 11:08 AM

Property Details for 716 Northeast 4th Avenue

StatusActive
MLS #GC519888
Days on Market52
Taxes$12,410 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1940
Lot Size0.41 AC / 17,860 SF
CountyAlachua County

Location

Listing Courtesy of BHGRE THOMAS GROUP
Add your commute

Building Information for 716 Northeast 4th Avenue

Stories-Residences6Year Built1940Building Size-Lot Size0.41 AC / 17,860 SF

Payment Calculator

$9,220 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$1,034

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 716 Northeast 4th Avenue

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: From the Intersection of W University Ave and Main Street, head East on University Ave. Turn Left and head North on NE 7th St. Turn right and head East on NE 4th Ave. Property is on the left.
  • Mls Major Change Type: Price Decrease
  • Listing Service: Limited Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 716
  • Street Direction Prefix: NE
  • Street Name: 4TH
  • Street Suffix: AVENUE
  • State: FL
  • City: GAINESVILLE
Parking
  • Attached Garage: Yes
  • Carport: No
  • Garage: Yes
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Legal Description: DOIG/ROBERTSON ADDN DB N-486 COM AT NW COR OF NE 8TH ST (PALMETTO) & NE 4TH AVE (CHURCH) W 100 FT POB N 175 FT W 100 FT S 175 FT E 100 FT POB LESS R/W K/A W 100 FT OF LOTS 1 & 4 BK 1 RG 1 OR 2357/0865
  • Tax Lot: 1
  • Tax Year: 2023
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 11870-000-000
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 3
  • Water Access: No
  • Water Extras: No
  • Zoning: RMF5
  • Living Area: 6501
Property and Assessments
  • Year Built Numeric: 1940
  • Flood Zone Code: X
  • Flood Zone Date: 06-16-2006
  • Flood Zone Panel: 12001C0314D
  • New Construction: No
  • Public Survey Range: 20
  • Public Survey Section: 4
Utilities
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Electricity Connected, Public, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Concrete, Wood Frame
  • Exterior Features: Balcony, Courtyard, Fenced, French Doors, Storage
  • Foundation Details: Crawlspace
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 12
  • Cooling: Central Air
  • Fireplace: No
  • Heating: Central, Electric
  • Interior Features: Living Room/Dining Room Combo, Solid Surface Counters, Thermostat
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $92,323.00
  • Unit Count: 3
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 2
  • Unit Type Heated Sq Ft 1: 1160
  • Unit Type Pro Forma 1: 1900
  • Unit Type Type 1: 2 Bed/1 Bath
  • Unit Type Units Total 1: 2
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 2
  • Unit Type Heated Sq Ft 2: 1150
  • Unit Type Pro Forma 2: 1900
  • Unit Type Type 2: 2 Bed/1 Bath
  • Unit Type Units Total 2: 2
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 2
  • Unit Type Heated Sq Ft 3: 941
  • Unit Type Pro Forma 3: 1800
  • Unit Type Type 3: 2 Bed/1 Bath
  • Unit Type Units Total 3: 2

Property History for 716 Northeast 4th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 716 Northeast 4th Avenue

Taxable ValueLand$189,000Additions$332,193Total$521,193
Tax Record2023$12,410 ($1,034 / month)
Home Facts
Total Finished SqFt2,317 SqFtAbove Grade Finished SqFt2,317 SqFtStories2Lot Size17,860 SqFtStyleDuplexYear Built1940Year Renovated1965ZoningU2CountyALACHUAAPN11870-000-000

Schools near 716 Northeast 4th Avenue

This home is within Alachua.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 9
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
W. A. Metcalfe Elementary School
Public1 to 5

Westwood Middle School
Public6 to 9

Gainesville High School
Public9 to 12

Pace
Public6 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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716 Northeast 4th Avenue is a multi-family home for sale in Gainesville, FL 32601. This property was listed for sale on March 8, 2024 by BHGRE THOMAS GROUP, it's currently listed at $1,500,000. It has been on the market for a total of 52 days and was last sold on July 8, 2022. This listing's school district is Alachua. Nearby schools include W. A. Metcalfe Elementary School, Westwood Middle School and Gainesville High School. 716 Northeast 4th Avenue is a 12-bed, 0-bath, 6,501 sqft multi-family home built in 1940.

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 BHGRE THOMAS GROUP

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.