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For sale 1 day ago

$138,500

3 bd 1 ba 1272 sqft

1814 NE 3rd Ave, Gainesville , FL 32641

Residential SFR Occupied Needs Repairs Off MLS

Current Rent **

$1,200

Projected Rent **

$1,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

House for sale just 5 minutes from downtown Gainesville

Concrete block construction. New roof in 2016. Two car garage re-trussed and re-roofed 2016, both roofs in excellent condition. 14,800 sq ft double lot which the city has given permission to subdivide. City will also allow an ADU (Accessory Dwelling Unit), both attached and detached. City water and sewer. Central AC.  Large oversized concrete driveway. Large, screened porch. Fenced. The home is rented until April 30th, 2025, below market at $1200. Local rents for same are $1400- $1500 private. Section 8 HUD FMV is $1832 for a 3/1. Property is occupied. Call for showing instructions.

Call or Text John @ 786-454-2888 for more information

Click here for more photos https://drive.google.com/drive/folders/1W6GJIrZk040JmtwWyzgr9mMvsmfH73ZC

Location:

1814 NE 3rd Ave, Gainesville , FL 32641

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.