619 NW 7TH AVE, GAINESVILLE, FL, 32601
$395,000
Residential
Bedrooms
5
Bathrooms
5
Living Area
1,729 Sqft
Lot Size
13,504 Sqft
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!
Property Details
Property Features Property Features
MLS ID: MFRGC542022 Year Built: 1930
Appliances: Cooktop, Dishwasher, Dryer, Freezer, Microwave, Refrigerator, Washer Construction Materials: Wood Siding
Cooling: Central Air, Mini-Split Unit(s) Country: US
County Or Parish: Alachua Direction Faces: North
Exterior Features: Awning(s), Balcony, Lighting Flooring: Luxury Vinyl
Foundation Details: Crawlspace Furnished: Unfurnished
Heating: Natural Gas Laundry Features: Laundry Room
Levels: One Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional Occupant Type: Tenant
Pets Allowed: Yes Property Sub Type: Single Family Residence
Property Type: Residential Road Responsibility: Public Maintained Road
Road Surface Type: Paved Roof: Metal
Sewer: Public Sewer Showing Requirements: 24 Hour Notice, Lock Box Electronic, ShowingTime
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Electricity Connected, Water Connected
Water Source: Public
Rooms Rooms
Primary Bedroom: Primary Bathroom:
Bathroom 1: Bathroom 2:
Bathroom 3: Bedroom 1:
Bedroom 2: Bedroom 3:
Kitchen: Balcony/Porch/Lanai:
Living Room: Bathroom 4:
Bedroom 4:
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