2321 SW 31ST PL, GAINESVILLE, FL, 32608
$469,900
Residential Income
|
Bedrooms
8
|
Bathrooms
4
|
Living Area
3,360 Sqft
|
Lot Size
9,148 Sqft
|
Excellent investment opportunity with this well-maintained quadplex in a convenient Gainesville location. The property consists of four 2-bedroom, 1-bath units, each offering approximately 840 square feet of living space. The units feature functional floor plans with spacious living areas, abundant natural light, tile flooring throughout, and kitchens with ample cabinet storage.
All four units are currently leased, providing immediate and stable rental income. The property generates $4,400 per month in gross rental income ($52,800 annually). A metal roof was installed in 2022, offering added durability and reduced maintenance.
Conveniently located near shopping, dining, public transportation, parks, major roadways, and a variety of local amenities. Nearby destinations include the University of Florida, UF Health Shands Hospital, the Malcolm Randall VA Medical Center, the UF College of Veterinary Medicine, Butler Plaza, Celebration Pointe, and Newnans Lake.
This income-producing property presents an opportunity for investors seeking a fully leased multifamily asset in Gainesville. Contact us today for additional information, financial details, or to schedule a showing.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRGC540860 | Year Built: | 1983 | |
| Appliances: | Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator | Community Features: | None, Street Lights | |
| Construction Materials: | Block, Frame | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Alachua | |
| Exterior Features: | None, Sidewalk | Financial Data Source: | Owner | |
| Fireplace Features: | Living Room, Wood Burning | Flooring: | Ceramic Tile, Luxury Vinyl | |
| Foundation Details: | Slab | Furnished: | Unfurnished | |
| Heating: | Central, Electric | Laundry Features: | Inside, Laundry Closet | |
| Lease Term: | Twelve Months | Levels: | One | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional, FHA, VA Loan | |
| Lot Features: | Corner Lot, City Limits, Level, Near Public Transit, Sidewalk, Paved | Occupant Type: | Tenant | |
| Other Equipment: | None | Parking Features: | Open | |
| Patio And Porch Features: | None | Pets Allowed: | Cats OK, Dogs OK, Yes | |
| Possession: | Close Of Escrow | Property Condition: | Completed | |
| Property Sub Type: | Quadruplex | Property Type: | Residential Income | |
| Road Surface Type: | Asphalt, Paved | Roof: | Metal | |
| Sewer: | Public Sewer | Showing Requirements: | 24 Hour Notice, Appointment Only, Do Not Contact Tenants, Listing Agent Must Accompany, No Lockbox, See Remarks | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Tenant Pays: | Electricity, Sewer, Water | |
| Utilities: | BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected | Water Source: | Public | |
| Window Features: | Wood Frames | |||
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