1509 NE 5TH AVE at

1509 NE 5TH AVE

For sale Days on market 46

$220,000

$139/sq ft

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Overview

Bedroom

Bath

Year Built

1980

Sqft

1587

Property Type

1/2 Duplex

Property Description

Under contract-accepting backup offers. Investors!!! Priced to Sell!!! This NE Gainesville duplex offers a turnkey opportunity for investors seeking immediate cash flow in a high-demand rental market. Unit Configuration: Two identical units, each featuring 2 bedrooms, 1 bathroom, a flex room, a living room, and a full kitchen. Low-maintenance flooring with tile floors—no carpets. Size: Approximately 793.5 sq. ft. each side (1,587 total sq. ft.). Outdoor Space: Oversized backyard that backs directly onto a public playground, providing a rare amenity for families. Fully fenced in. Immediate Income: Both units are currently occupied, allowing for a seamless transition of rental revenue. Prime Location: Proximity to downtown Gainesville, local schools, and major shopping centers ensures long-term tenant desirability. Growth Area: Gainesville's steady rental market is bolstered by its proximity to the University of Florida and regional medical centers. This property is priced right and sold as is! Bring all offers.

Property Details

MLS#

GC539885

Address

1509 5TH AVE NE

City

Gainesville

State/county

Zip/Postal Code

32641

Area

New Gainesville

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$2,909

Maint Fee

$--

Tax Year

2025

Electric Water Heater

Range

Refrigerator

Park/Greenbelt

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