TBD SE 9TH STREET, Gainesville, FL 32601

  • $399,000
TBD SE 9TH STREET, Gainesville, FL 32601
Active Pre-Construction
TBD SE 9TH STREET, Gainesville, FL 32601
TBD SE 9TH STREET, Gainesville, FL 32601
  • $399,000

Overview

Property ID: HZGC523808
  • Single Family Residence, Residential
  • Property Type
  • 4
  • Bedrooms
  • 4
  • Bathrooms
  • 1644
  • Square Feet
  • 2025
  • Year Built

Description

Pre-Construction. To be built. For more than a decade, Eastwood Construction has been Gainesville’s top developer of new homes walkable to the University of Florida and Downtown with a proven track record of building more than 100 profitable rental properties.

With four bedrooms and four bathrooms, this model brings in $3400-$3500 per month in rental income and is centrally located biking distance to the University of Florida and Downtown Gainesville. This property is part of the first phase of development in this area, with more than 30 homes of similar quality planned, presenting a unique opportunity to invest in one of Gainesville’s most promising neighborhoods. This particular lot will allow for ample off street parking with a strategically placed parking area and has a large green space in the rear of the property that provides for a peaceful and natural backyard.

The 4/4 floor plan presents a CAP rate at 7.4% with a levereged return at almost 11% after all debts and management fees.

No HOA or local restrictions make this an ideal short or long-term rental. Optional add-ons for detached apartment are a possibility. This home is being sold pre-construction and can be completed in 8 months making it an ideal investment for Fall 2025. Photos are of a previously constructed property of similar quality and layout.

  • Address TBD SE 9TH STREET
  • City GAINESVILLE
  • State/county FL
  • Zip/Postal Code 32601
  • Country US

Details

Updated on August 27, 2024 at 5:25 pm
  • Property ID: HZGC523808
  • Price: $399,000
  • Property Size: 1644 Square Feet
  • Land Area: 0.06 Acres
  • Bedrooms: 4
  • Bathrooms: 4
  • Garage Size: x x
  • Year Built: 2025
  • Property Type: Single Family Residence, Residential
  • Property Status: Active

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