706 NW 20TH ST, GAINESVILLE, FL, 32603
$549,000
Residential
|
Bedrooms
4
|
Bathrooms
2
|
Living Area
1,888 Sqft
|
Lot Size
16,553 Sqft
|
Turnkey UF Investment | $3,650/Month Through 2027 | Prime Corner Lot
Cash-flowing rental just minutes to the University of Florida with a lease secured through July 2027—offering immediate, stable income in a high-demand location. This updated 4BR/2BA property sits on a desirable corner lot near Ben Hill Griffin Stadium and UF, a proven hotspot for consistent tenant demand and long-term appreciation. Inside, the home features durable LVP flooring throughout, along with an updated kitchen and bathrooms designed for low maintenance and lasting appeal. A bright sunroom with brand-new windows adds valuable living space and opens seamlessly to a paver patio, overlooking a massive fenced-in backyard—an increasingly rare feature this close to campus that enhances tenant retention and overall rental value. The functional layout, combined with strong indoor-outdoor flow and ample parking, makes this property especially attractive to student renters. A one-car garage adds additional storage and flexibility, further increasing its marketability. Major capital improvements have already been completed, including a newer HVAC system, hot water heater, garage door, washer and dryer, dishwasher, garbage disposal, updated sewer line, along with upgraded fixtures, ceiling fans, blinds, and fencing—significantly reducing near-term expenses and operational risk for the next owner.
With limited inventory in this location, strong in-place income, and key system upgrades already handled, this is a fully stabilized, turnkey investment offering both reliable cash flow and long-term upside in one of Gainesville’s most sought-after rental markets.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRGC539511 | Year Built: | 1949 | |
| Appliances: | Dishwasher, Dryer, Range Hood, Refrigerator, Washer | Construction Materials: | Block | |
| Cooling: | Central Air | Country: | US | |
| County Or Parish: | Alachua | Direction Faces: | North | |
| Exterior Features: | Other | Fireplace Features: | Wood Burning | |
| Flooring: | Luxury Vinyl | Foundation Details: | Slab | |
| Furnished: | Unfurnished | Heating: | Central | |
| Laundry Features: | Laundry Room | Levels: | One | |
| Listing Agreement: | Exclusive Right To Sell | Occupant Type: | Tenant | |
| Property Sub Type: | Single Family Residence | Property Type: | Residential | |
| Road Surface Type: | Asphalt | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Public | |
| Water Source: | Public | |||
| Rooms | Rooms | |||
|---|---|---|---|---|
| Living Room: | Kitchen: | |||
| Primary Bedroom: | ||||
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