Gainesville, FL 32608,2560 SW 31ST PL
Gainesville, FL 32608,2560 SW 31ST PL
Gainesville, FL 32608,2560 SW 31ST PL
Gainesville, FL 32608,2560 SW 31ST PL
Gainesville, FL 32608,2560 SW 31ST PL
Gainesville, FL 32608,2560 SW 31ST PL
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$920,000

$960,000

4.2%
Est.Price: ?

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Est. payment /mo

11,520 SqFt


SOLD DATE : 11/11/2020

Key Details

Sold Price $920,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 11,520 sqft

Price per Sqft $79

Subdivision Phoenix

MLS Listing ID GC438356

Sold Date 11/11/20

HOA Fees $250/ann

HOA Y/N Yes

Year Built 1989

Annual Tax Amount $6,624

Property Description

Click the links herein to complete an electronic CA and receive the Offering Memorandum or view the Virtual Tour. Phoenix is a 355 unit HOA subdivision composed of duplexes, quadplexes, 6 plexes, and 8 plexes, of which this offering is for 12 of those units (two 6 plexes side by side). The property is located less than a mile south of the University of Florida and within 5 minutes driving distance to millions of square feet of retail and restaurants, including Butler Plaza, Celebration Pointe, Shands Hospital, the Veterans Administration Headquarters, three Publix centers, and I-75. All units are the same 2 bedroom 2.5 bath layouts measuring nearly 1,100 SF each. Here is the opportunity: The average in-place rent is $800/month with a range of $700-900/month. The last two units rented for $900/month. Rental comps in the immediate submarket support a $950-1,050 rent point for the units with very little upgrades necessary.

Location

State FL

County Alachua

Community Phoenix

Schools

Elementary Schools Idylwild Elementary School-Al

Middle Schools Kanapaha Middle School-Al

High Schools Eastside High School-Al

Others

Acceptable Financing Cash

Membership Fee Required Required

Listing Terms Cash

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Stellar MLS
Listed by Coldwell Banker M.M. Parrish Realtors
Bought with Coldwell Banker M.M. Parrish Realtors
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