2404 SW 31ST PL, GAINESVILLE, FL, 32608
$825,000
Residential Income
|
Bedrooms
16
|
Bathrooms
8
|
Living Area
6,150 Sqft
|
Lot Size
8,712 Sqft
|
This updated 2-Bedroom Multifamily Unit is a standout opportunity for investors seeking strong cash flow and long-term appreciation. Fully rent-ready, the unit features new flooring, fresh interior paint, a modern kitchen with updated appliances, a stylishly renovated bathroom, and a brand-new washer and dryer.
The property is ideally located just 1.8 miles—or a quick 5-minute drive—from the University of Florida, placing it squarely in the path of strong, year-round rental demand. It’s also just 6 minutes from the Florida Museum of Natural History and close to major retail hubs, including Publix, Walmart, and The Oaks Mall. This location ensures convenience for tenants and adds to the property's long-term rental appeal.
Operationally, this asset is investor-friendly. All units are separately metered, and tenants are responsible for their own utilities—including water, sewer, and trash—keeping your expenses low and margins healthy. Most of the building's units have been similarly updated, which minimizes future capital expenditures and supports tenant satisfaction and retention.
For serious investors looking to expand their portfolio with a low-maintenance, high-demand rental in a growth market, this property offers both immediate income and future upside.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRO6317305 | Year Built: | 1981 | |
| Construction Materials: | Block | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Alachua | |
| Exterior Features: | Other | Flooring: | Vinyl | |
| Foundation Details: | Other | Heating: | Central | |
| Laundry Features: | Inside, Laundry Closet | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional, FHA, VA Loan | Pets Allowed: | Cats OK, Dogs OK | |
| Possession: | Close Of Escrow | Property Condition: | Completed | |
| Property Sub Type: | Multi Family | Property Type: | Residential Income | |
| Road Surface Type: | Asphalt | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | Appointment Only, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Tenant Pays: | Sewer, Trash Collection, Water | |
| Utilities: | Other | Water Source: | Public | |
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