7225 Southwest 42nd Place

Gainesville, FL 32608

$550,000
Price
8
Beds
3,214 Sq. Ft.
$171 / Sq. Ft.
3,214
Sq. Ft.
$171
per Sq. Ft.

Description

Great income property opportunity for a seasoned investor looking to add to their portfolio or for someone who is looking to get started in property investment. This quadplex is nestled in Tower Village, a diverse community next to public parks, trails, public transportation, close to I-75 and 15 minutes away from the University of Florida and Shands hospital. Each unit is 2 bedrooms/1 baths, three out of four units are currently under lease.Great income property opportunity for a seasoned investor looking to add to their portfolio or for someone who is looking to get started in property investment. This quadplex is nestled in Tower Village, a diverse community next to public parks, trails, public transportation, close to I-75 and 15 minutes away from the University of Florida and Shands hospital. Each unit is 2 bedrooms/1 baths, three out of four units are currently under lease.
  1. Listed by Natalie Thomas • MILLER REAL ESTATE

Property Details for 7225 Southwest 42nd Place

Subdivision Name
TOWER VILLAGE REP
Township
10
Waterfront
No

Location

Listing Courtesy of MILLER REAL ESTATE
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LISTING UPDATED: 02/14/2024 01:53 PM

Property Details for 7225 Southwest 42nd Place

StatusActive
MLS #GC517467
Days on Market122
Taxes$5,130 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1980
Lot Size0.34 AC / 14,810 SF
CountyAlachua County

Location

Listing Courtesy of MILLER REAL ESTATE
Add your commute

Building Information for 7225 Southwest 42nd Place

Stories-Residences4Year Built1980Building Size-Lot Size0.34 AC / 14,810 SF

Payment Calculator

$3,429 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,002

Property Taxes

$428

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7225 Southwest 42nd Place

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 3450.0
  • Building Area Units: Square Feet
  • Directions: From Gainesville at the crossing of Archer RD & Tower RD travel north on Tower RD. Right on SW 42nd PL and follow to address on right.
  • Elementary School: Kimball Wiles Elementary School-AL
  • Middle Or Junior School: Kanapaha Middle School-AL
  • High School: F. W. Buchholz High School-AL
  • Mls Major Change Type: Price Increase
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 7225
  • Street Direction Prefix: SW
  • Street Name: 42ND
  • Street Suffix: PLACE
  • State: FL
  • City: GAINESVILLE
Parking
  • Available For Lease: Yes
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Pet Restrictions: See City of Gainesville guidelines.
  • Tax Book Number: K-18LOT
  • Tax Legal Description: TOWER VILLAGE REPLAT OF LOTS 2 THRU 12 OF TOWER VILLAGE PB K-18 LOT 4 & 11/248 INT IN REC AREA OR 1430/0897 & OR 4372/0588
  • Tax Lot: 4
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 06886-004-000
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: PD
  • Living Area: 3214
Property and Assessments
  • Year Built Numeric: 1980
  • Flood Zone Code: X
  • Flood Zone Date: 09-24-2021
  • Flood Zone Panel: 12001C0435E
  • New Construction: No
  • Public Survey Range: 19
  • Public Survey Section: 21
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Fire Hydrant, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Concrete
  • Exterior Features: Other
  • Foundation Details: Block
  • Levels: One
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 8
  • Appliances: Dishwasher, Range Hood, Refrigerator
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Laminate, Tile
  • Heating: Electric
  • Interior Features: Ceiling Fans(s), Living Room/Dining Room Combo, Other, Thermostat
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $44,000.00
  • Gross Income: $54,000
  • Unit Count: 4
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 2
  • Unit Type Heated Sq Ft 1: 803
  • Unit Type Pro Forma 1: 900
  • Unit Type Type 1: 2 Bed/1 Bath
  • Unit Type Units Total 1: 1
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 2
  • Unit Type Heated Sq Ft 2: 803
  • Unit Type Pro Forma 2: 1200
  • Unit Type Type 2: 2 Bed/1 Bath
  • Unit Type Units Total 2: 1
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 2
  • Unit Type Heated Sq Ft 3: 803
  • Unit Type Pro Forma 3: 1200
  • Unit Type Type 3: 2 Bed/1 Bath
  • Unit Type Units Total 3: 1
Unit 4
  • Unit Type Baths Total 4: 1
  • Unit Type Beds Total 4: 2
  • Unit Type Heated Sq Ft 4: 803
  • Unit Type Pro Forma 4: 1200
  • Unit Type Type 4: 2 Bed/1 Bath
  • Unit Type Units Total 4: 1
Rental
Rental Information
  • Total Actual Rent: $4,500
  • Pets Allowed: Breed Restrictions, Yes

Property History for 7225 Southwest 42nd Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 7225 Southwest 42nd Place

Taxable ValueLand$60,000Additions$148,806Total$208,806
Tax Record2023$5,130 ($428 / month)
Home Facts
Total Finished SqFt3,214 SqFtAbove Grade Finished SqFt3,214 SqFtStories1Lot Size14,810 SqFtStyleQuadraplexYear Built1980Year Renovated1985ZoningPDCountyALACHUAAPN06886-004-000

Schools near 7225 Southwest 42nd Place

This home is within Alachua.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 9
Public - 9 to 12
Charter - 2 to 8
Rating
School
Distance
Kimball Wiles Elementary School
PublicPK to 5

Kanapaha Middle School
Public6 to 9

F. W. Buchholz High School
Public9 to 12

The Einstein School, Inc.
Charter2 to 8

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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7225 Southwest 42nd Place is a multi-family home for sale in Gainesville, FL 32608. This property was listed for sale on November 15, 2023 by MILLER REAL ESTATE, it's currently listed at $550,000. This listing's school district is Alachua. Nearby schools include Kimball Wiles Elementary School, Kanapaha Middle School and F. W. Buchholz High School. 7225 Southwest 42nd Place is a 8-bed, 0-bath, 3,214 sqft multi-family home built in 1980.

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 MILLER 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.