919 23Rd AveGainesville, FL 32609
- Office properties
- 2,398 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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