$875,000 for Sale
2404 sw 31st place , gainesville, FL 32608
| Beds 0 | Baths 0 | 6,150 Sqft | 0.20 Acres |
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Property Description
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.
General Information
Sale Price: $875,000
Price/SqFt: $142
Status: Active
MLS#: O6317305
City: gainesville
Post Office: gainesville
County: Alachua
Subdivision: phoenix sub ph ii napier grt
Acres: 0.2
Bedrooms:0
Bathrooms:0
House Size: 6,150 sq.ft.
Acreage: 0.2 est.
Year Built: 1981
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road: Asphalt
Garage: No
Construction: Block
Exterior Misc: Other
Basement: No
Foundation : Other
Cooling: Central Air
Heating: Central
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $8,210
HOA fees: 166
HOA fees Period: Monthly
Legal Description: PHOENIX S/D PHASE 2 PB K-33 LOT 49 OR 3524/0316
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Tyler Gibson LLC of LPT REALTY, LLC, Phone: 877-366-2213
