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 Features
Utilities
Cable Available
Electricity Connected
Sewer Connected
Underground Utilities
Water Connected
Heating Information
Central
Electric
Fire Place
Living Room
Wood Burning
Cooling Information
Central Air
Water Features
Public
House Interior
Open Floorplan
Parking
Open
School Information
School Information for 2321 SW 31ST PLACE, GAINESVILLE, FL 32608
Elementary School
Idylwild Elementary School-AL
Middle School
Kanapaha Middle School-AL
High School
Eastside High School-AL
Listing Courtesy: FIRST CHOICE REALTY OF NORTH FLORIDA LLC - 352-514-9508