$399,000 for Sale
TBD se 9th street, gainesville, FL 32601
| Beds 4 | Baths 4 | 1,584 Sqft | 0.06 Acres |
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Property 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.
General Information
Sale Price: $399,000
Price/SqFt: $252
Status: Active
MLS#: GC523808
City: gainesville
Post Office: gainesville
County: Alachua
Subdivision: mcdowall's
Acres: 0.06
Bedrooms:4
Bathrooms:4 (4 full, 0 half)
House Size: 1,584 sq.ft.
Acreage: 0.06 est.
Year Built: 2025
Property Type: Single Family Residence
Style:
Features & Room Sizes
Paved Road: Paved
Garage: No
Construction: Cement Siding, Wood Frame
Exterior Misc: Garden, Lighting, Private Mailbox, Sidewalk
Basement: No
Foundation : Stem Wall
Appliances: Dishwasher, Disposal, Range, Range Hood, Refrigerator
Cooling: Central Air
Heating: Central, Electric
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $297
Legal Description: SOUTH 1/2 OF THE 50 FOOT FORMER RIGHT-OF-WAY OF "A STREET" LYING ADJACENT TO LOT 11, BLOCK 2 OF MCDOWALL'S ADDITION TO THE CITY OF GAINESVILLE, FLA, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK A, PAGE 101 1/2, OF THE PUBLIC RECORDS OF ALACHUA COUNTY, FLORIDA.
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Megan Atwater of SAGE REAL ESTATE, Phone: 352-219-2033
