919 23Rd AveGainesville, FL 32609

  • Office properties
  • 2,398 SF
For Sale
$449,900 View listing

Property Details for 919 23Rd Ave

Year built
1947
Lot size
0.36 AC
Property size (Sq ft)
2,398 SF
Zone code
U4
Property type
Office properties
Property subtype
Office buildings
APN
08703-000-000
APU
8703000000

Description

This exceptional investment opportunity in Gainesville, Florida presents a lucrative multi-family property spanning 3,482 square feet on a 0.36-acre lot. The main house boasts six individually leased bedrooms, each offering tenants a comfortable living space. The property includes a fully equipped kitchen featuring two refrigerators, a washer, a dryer, and other essential appliances. Significant updates enhance the property's value and longevity, including a metal roof installed in 2010, a 200-amp electrical panel upgrade, and comprehensive plumbing renovations throughout the main house. Adding to the income potential is a separate 1,300-square-foot unit, currently leased for $1,400 per month until the end of the year. This detached unit comprises one bedroom, one bathroom, and a loft, equipped with a functional kitchen and three wall-mounted air conditioning units. A practical workshop is also included within this separate unit. This property offers a compelling blend of immediate rental income and long-term investment potential, making it an ideal addition to any real estate portfolio or a smart strategy for those seeking rent-free living. The property is located at 919 NW 23rd Avenue, Gainesville, FL and is priced at $449,900.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $517,848
    6.5%
    $478,014
    7%
    $443,870
  • Comparable approach

    Method
    Valuation
    Relative Method
    $163,088
    Geo Method
    $163,088
  • Alternative Use

    Use
    Valuation
    Residential
    $592,737
    Hospitality
    $542,944
    Educational
    $451,723
    Medical
    $467,258
    Retail
    $702,680
919 23Rd Ave, Gainesville, Florida

Location Insight

City
Gainesville
County
Alachua
State
Florida
Latitude
29.6737
Longitude
-82.3344
CBSA code
23540
CBSA name
GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,905
$125,453
$122,850
$248,303
-
$125,453
$122,850
$248,303

FAQs

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