619 NW 7TH AVENUE GAINESVILLE, FL 32601
$395,000
5 Beds
5 Baths
1729 sqft
MLS#
GC542022
Type
Single Family Residence
Square Footage
1,729
Bedrooms
5
Bathrooms
5 full
Year Built
1930
Tax Amount
$3,215
Property Description
Under contract-accepting backup offers. Welcome to this RARE opportunity to own a fully occupied, cash-flowing investment property just one mile from the University of Florida! This property offers a total of 5 bedrooms and 5 bathrooms with over 1,700 square feet of heated and cooled living space and is currently generating $4,200 per month in gross rental income. The main home features 4 bedrooms and 4 full bathrooms, while the attached studio offers a separate private entrance, full bathroom, and kitchenette - the perfect setup for a short-term rental opportunity. Step inside the main home and you’ll appreciate the newly installed luxury vinyl plank flooring, fresh interior paint, updated fixtures, and a beautifully renovated kitchen complete with shaker-style cabinetry, granite and butcher block countertops, and stainless steel appliances. All five bathrooms have also been tastefully renovated. Additionally, the studio has been updated with a refreshed kitchenette, new LVP flooring, fresh paint, and a gorgeously renovated bathroom. Additional updates include: new water heater, new HVAC system, new mini split in studio, and a newer roof (2023). Listed at $395,000, this property exceeds the 1% rule many investors are after, making it an attractive opportunity for anyone looking to add a strong income-producing property to their portfolio. Give us a call today to schedule a private tour!
Cooling:Central Air, Mini-Split Unit(s)
Awning(s)
Balcony
Lighting
Ceiling Fan(s)
Solid Surface Counters
Thermostat
per month
Principal & Interest
Property Tax
Mortage Insurance
HOA
Home Owners Insurance
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