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Gelfand Realty Miami Properties - Multi Family

315 19TH, GAINESVILLE, FL 32609

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Multi Family - HAILE LT 65 A CONDO

315 19TH, GAINESVILLE, FL 32609

Sold Price$116,000 Asking Price$139,900

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  • Days on market:

    147 day(s)
  • Original Price:

    $139,900
  • Price per sqft:

    $47.98
  • Tax Legal Description:

    NW 1/4 OF NE 1/4 OF SW 1/4 OF NE 1/4 LESS N 10 FT ST & LESS S 18FT ST & LESS N 161.14 FT OF W 131.19 FT 7 LESS S161.13 FT & LESS N 161.14 FT OF E 100 FTOR 2437/0694
  • Tax Year:

    2014
  • Property Type:

    Multi Family
  • Parking:

    None
  • Construction Type:

    BrickBlock
  • Roof:

    Shingle
  • Cooling Description:

    Central AirWall/Window Unit(s)
  • Heating Description:

    OtherCentralWall Units / Window Unit
  • Exterior Features:

    Other Sliding Doors
  • Special Listing Conditions:

    Real Estate Owned
  • Lot Features:

    Near Public Transit

Description

$139,900 • living size area 2916 sqft

Lender liquidation! this solid block property is a "textbook" cash flow opportunity for all investors. consisting of two 3 bed/ 2 bath units, one 2 bed/ 1 bath, and one 1 bed/ 1 bath, this 4-unit building is located within 2 miles of the uf campus and priced to sell. a long term tenant (24 years!) occupies one unit, which easily offsets the monthly operating expenses, while the other units are poised for high returns after some minimal repair work. all 4 units pay their own electric, water/sewer/trash, and cable. estimated cost analysis performed as rental property revenue: rental income - monthly: $2,350.00 annually: $28,200.00 expenses: (annual) actual taxes - $2,650.00 (annual) estimated insurance - $2,000.00 (annual) repair reserves ($120/mo) - $1,440.00 (annual) estimated utilities/lawn/misc ($100/mo)- $1,200.00 total costs - $7,290.00 annual operating income: $20,910.00 priced well-below all other comps in the area, this bargain won't last long. text or email agent for access and any other inquiries/offers.

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