SE 9th STREET
GAINESVILLE, FL, 32601
Price$399,000
Beds4
Baths4
SqFt1,584
Baths4
SqFt1,584
Status:Active
Property Type:Residential
School:
Property Type:Residential
School:
Pre-Construction. To be built. For more than a decade, Eastwood Construction has been Gainesville’s top developer of new homes walkable to the University of Florida and Downtown with a proven track record of building more than 100 profitable rental properties.
With four bedrooms and four bathrooms, this model brings in $3400-$3500 per month in rental income and is centrally located biking distance to the University of Florida and Downtown Gainesville. This property is part of the first phase of development in this area, with more than 30 homes of similar quality planned, presenting a unique opportunity to invest in one of Gainesville’s most promising neighborhoods. This particular lot will allow for ample off street parking with a strategically placed parking area and has a large green space in the rear of the property that provides for a peaceful and natural backyard.
The 4/4 floor plan presents a CAP rate at 7.4% with a levereged return at almost 11% after all debts and management fees.
No HOA or local restrictions make this an ideal short or long-term rental. Optional add-ons for detached apartment are a possibility. This home is being sold pre-construction and can be completed in 8 months making it an ideal investment for Fall 2025. Photos are of a previously constructed property of similar quality and layout.
| Price | $399,000 | |
| Bedrooms | 4 | |
| Full Baths | 4 | |
| Half Baths | 0 | |
| Total Baths | 4 | |
| Lot Size Area | 2500 | |
| Lot Size Area Units | Square Feet | |
| Acres | 0.06 | |
| Property Type | Residential | |
| Sub type | Single Family Residence | |
| MLS Sub type | Single Family Residence | |
| Features | Ceiling Fan(s), L Dining | |
| Exterior Features | Garden, Lighting, Private Mailbox, Sidewalk | |
| Year Built | 2025 | |
| Subdivision | MCDOWALL’S | |
| Roof | Shingle | |
| Heating | Central, Electric | |
| Foundation | Stem Wall | |
| Laundry Features | Laundry Closet | |
| Directions | Head east from University Ave and Main Street on University Ave. Take a left (south) onto SE 9th Street. Property will be on the left. | |
| County | Alachua | |
| Latitude | 29.647483 | |
| Longitude | -82.314878 | |
| Market Area | 32601 – Gainesville | |
| Address | TBD SE 9th STREET, GAINESVILLE, FL 32601 | |
| Postal Code | 32601 | |
| City | GAINESVILLE | |
| State | FL | |
| Country | United States | |
| Listing Office | SAGE REAL ESTATE | |
| Listing Office Phone | 352-219-2033 | |
| Listing Agent | Megan Atwater | |
| Listing Agent Phone | 352-283-1498 | |
| Special listing conditions | None | |
| Ownership | Fee Simple | |
| Virtual Tour URL | https://www.propertypanorama.com/instaview/stellar/GC523808 | |
| Days on market | 13 | |
| MLS Status | Active | |
| Listing Date | Aug 14, 2024 | |
| Listing Last Modified | Aug 27, 2024 | |
| Tax ID | 12223001001 | |
| Tax Year | 2023 | |
| Tax Annual Amount | 297 | |
| MLS Area | 32601 – Gainesville | |
| MLS # | GC523808 | |
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