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725 SE 4TH AVE Gainesville, FL 32601
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Key Details
Sold Price $320,000
Property Type Single Family Home
Sub Type Half Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,733 sqft
Price per Sqft $184
Subdivision Gainesville Roppers Addn
MLS Listing ID GC502171
Sold Date 03/03/22
Bedrooms 4
Full Baths 2
Construction Status Completed
HOA Y/N No
Year Built 1959
Annual Tax Amount $2,347
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Half Duplex
Source Stellar MLS
Property Description
Investor ALERT!!! Duplex (both sides) in the Gainesville Bed & Breakfast District. House hacking at its finest. Live in one side/rent out the other or AIRBNB both. Owner has done a tremendous amount of work renovating the units to bring them to current standards, so there's no deferred maintenance. A short 8-minute walk to Depot Park, downtown and convenient to the University of Florida. Cap Rate approx 8% based on long term revenue, could be higher with AIRBNB numbers. See below for list of upgrades. Room dimensions are estimates and should be verified by buyer. Improvements added: Central Heat/Air, New Windows, New Kitchen, Updated Bathrooms, Refinished Terazzo Floors, Gravel driveway, Fence added in-between yards, All plumbing updated except sewer drain, Roof 2013, Repainted entire inside/outside of house, Added desk space to hallway, New Soffits, Electrical Panel upgrade and service upgrade from 100amps to 220 amps. Added square footage to the Right side, Zoned U3, City of Gainesville allows short term rentals
Location
State FL
County Alachua
Community Gainesville Roppers Addn
Area 32601 - Gainesville
Zoning U3
Interior
Interior Features Thermostat
Heating Central, Electric
Cooling Central Air
Flooring Terrazzo
Fireplace false
Appliance Cooktop, Electric Water Heater, Range, Range Hood
Laundry Laundry Closet
Exterior
Exterior Feature Fence
Parking Features Driveway, Off Street, Parking Pad
Fence Chain Link, Wood
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Roof Type Shingle
Porch Covered, Front Porch, Patio, Rear Porch
Attached Garage false
Garage false
Private Pool No
Building
Lot Description Paved
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Completed
Schools
Elementary Schools Joseph Williams Elementary School-Al
Middle Schools Abraham Lincoln Middle School-Al
High Schools Gainesville High School-Al
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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