9 Duplexes | Gated Golf Community Multi-Family FOR SALE


Alachua, FL
$3,300,000 USD
352-871-8324
, Alachua, FL for Sale
$3,300,000 USD
Multi-Family - FOR SALE
1/18
null | Request Cap Rate

9 Duplexes | Gated Golf Community
Alachua, FL


HIGHLIGHTS

  • Solid location between Gainesville and Alachua
  • Lots of Value Add Opportunities!
  • All units have either a 2-car or 1-car garage
  • Community home prices range $300-$600k
  • Includes buildable lot

OVERVIEW

Solid offering of 9 duplexes on 4 parcels all right next to each other in a $300-600K home price subdivision in Gainesville. Great location on 441 in between Gainesville and Alachua. This is right near Tech City, Progress Park, and the San Felasco State Park. Two parcels each have 3 duplexes, one parcel has 2 duplexes, and the final parcel has one duplex and a buildable lot for another building (land valued at $100K). There are 14 - 2BR/2BAs ranging from over 1,000 SF to almost 1,200 SF and each have a 2 car garage with 2 parking spaces outside the garage. There are 4 – 3BR/2BAs at 1,122 SF with a one car garage. Two duplexes built in 1999 and the rest were built from 2004 thru 2014. Three of the nine duplexes have had roofs replaced in 2024. The rest are original roofs and we’ve adjusted the price accordingly. The last couple roofs are estimated to cost $16K each to replace. Rents average $1,650/month and range from $1,600-1,750. The market for these units is $1,800-1,875 for the 2/2s and $1,950 for the 3/2s. They are all wood frame construction with hardiboard siding and shingle roofs. About 1/3 of HVACs and water heaters have been replaced.

ASK ABOUT THIS PROPERTY

Beau BeeryBeau Beery Multifamily AdvisorsMore Info
352-871-8324

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Beau BeeryBeau Beery Multifamily AdvisorsMore Info
352-871-8324

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.