$1,650,000
$1,650,000
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3650 SW 20TH AVE Gainesville, FL 32607
12,804 SqFt
Key Details
Sold Price $1,650,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 12,804 sqft
Price per Sqft $128
MLS Listing ID GC501829
Sold Date 03/18/22
Construction Status Inspections
HOA Y/N No
Year Built 1979
Annual Tax Amount $15,022
Lot Size 0.640 Acres
Acres 0.64
Property Description
Investment Opportunity. Green Cove townhomes is composed of 12 units (two 6 plexes side by side) with common parking between the buildings. The property is located less than a mile from the University of Florida and within walking distance to millions of square feet of retail and restaurants, including Butler Plaza and Celebration Pointe. Easy access to Shands Hospital, the Veterans Administration Headquarters, three Publix centers, and I-75. The property is located on the bus line and adjacent to a large bus stop/pedestrian hub. All units are the same 2 bedroom 1.5 bath layouts measuring nearly 1,100 SF each. The average in-place rent is $850/month. Rental comps in the immediate area off of SW 20th Ave support a $1200 rent point for the units with very minimal upgrades.
Location
State FL
County Alachua
Zoning R-3
Interior
Interior Features Living Room/Dining Room Combo, Dormitorio Principal Arriba, Open Floorplan
Heating Central
Cooling Central Air
Flooring Carpet, Ceramic Tile
Furnishings Unfurnished
Fireplace false
Exterior
Exterior Feature Balcony, Rain Gutters
Garage Common
Utilities Available Electricity Connected, Sewer Connected, Street Lights, Water Connected
Waterfront false
Roof Type Shingle
Porch Covered, Rear Porch
Parking Type Common
Garage false
Private Pool No
Building
Entry Level Two
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with FLORIDA HOMES REALTY & MORTGAGE LLC
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