NOT LISTED FOR SALE
40 Beds
-- Bath
600 Sq Ft
3.39 Acre Lot

Sale Details

Date Sold: January 13, 2022

Last sale price $2,180,000 $3,633 Per Sq Ft

801 Days on Market

Highlights

  • Water Views
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Eastside High School Rated A-
  • Rear Porch
  • Laundry Room

About This Home

As of January 2022

CASH COW! Offered at an 8.5% CAP RATE...Rental leads currently pouring in at an $875 rent rate!! Still lots of added value opportunities to go. 38 unit property less than 10 minutes from the University of Florida Gators campus & downtown Gainesville! 15 minutes from Santa Fe College. Situated on a beautiful, peaceful prairie just outside of the city. Very well kept (8) block 4-plexes, (1) 5-plex and a Single Family home. Add value instantly with increased rent rates. Many are long term tenants. Annual net income is current. All units pay between $700-$900. Great location, easy to rent. On-site coin operated laundry facility. Roughly 30 units have been updated as needed with fresh paint, ceramic tile throughout, upgraded cabinets & appliances. Driveway has been freshly paved from front to back. On site management office with efficiency unit attached could possibly be a 39th unit. Please do not visit property without appointment and do not disturb the tenants. Great for 1031 exchange. Opportunity to transform into Student Housing for the fast growing Gainesville area!! Call the Listing Agent with any questions.

Last Agent to Sell the Property

Matt Pereira

BLUE PEAK REALTY LLC License #3328420 Listed on: 09/03/2019

BLUE PEAK REALTY LLC

Co-Listed By

Ian DeRan

AGILE GROUP REALTY License #3358888

Last Buyer's Agent

Matt Beneduci

CHARLES RUTENBERG REALTY INC License #3398708

CHARLES RUTENBERG REALTY INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,330

Year Built

  • Built in 1964

Lot Details

  • 3.39 Acre Lot
  • Lot Dimensions are 190x776
  • Property fronts a private road
  • Fenced

Property Views

  • Water
  • Woods

Home Design

  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 600 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Convection Oven

Flooring

  • Carpet
  • Tile

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Shed
  • Rear Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Heating System Mounted To A Wall or Window
  • Natural Gas Connected
  • Private Sewer
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 38 Units
  • 1,004 Sq Ft Building
  • Brinsons Add Mackey Hudson Tr Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,330

Year Built

Built in 1964

Lot Details

3.39 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 600
  • Lot Size Acres: 3.39
  • New Construction: No
  • Year Built: 1964
  • Building Area Total: 1004
  • Lot Size Sq Ft: 147668
  • Tenant Pays: Electricity
  • Status: Sold
  • Street Direction: SW
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3196401?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3196401?w=Customer
  • Unit Count: 2
  • Homestead Y N: No
  • Total Acreage: 2 to less than 5
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.70323
  • Price per Sq Ft: 3633.33
  • Close to Original List Price Ratio: 0.79273
  • Ratio: Current Price\Building Area Total: 2171.31
  • View: Yes
  • Co List Office Mls Id: 772066
  • Co List Office Phone: 813-569-6294
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Estimated
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Interior Amenities: Ceiling Fans(s), Window Treatments
  • Appliances Included: Convection Oven, Dryer, Refrigerator, Washer
  • Levels: One
  • Number Of Buildings: 10
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Other Structures: Shed(s)
  • Exterior Features: Fenced
  • Roof: Shingle
  • Pool Private: No
  • Road Frontage Type: Private Road
  • View: Trees/Woods, Water
  • Water Body Name: Prairie Creek Conservation Are
  • Waterfront: No
  • Patio and Porch Features: Rear Porch
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12001C0452D

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Private, Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Wall Units / Window Unit
  • Laundry Features: Laundry Room
  • Sewer: Private Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Amenities: Laundry
  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: R-2
  • Parcel Number: 07158-001-000
  • Additional Parcels: No
  • Lot Dimensions: 190x776
  • Flood Zone Code: A
  • Flood Zone Date: 2006-06-16
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Total Actual Rent: 22075

Multi Family

  • Number Of Units Total: 38

Tax Info

  • Tax Annual Amount: 27330
  • Tax Block: 0000
  • Tax Book Number: F-91
  • Tax Lot: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2019
Closed on
Jan 7, 2022
Sold by
Bought by
Seller's Agent
Matt Pereira
BLUE PEAK REALTY LLC
Buyer's Agent
Matt Beneduci
CHARLES RUTENBERG REALTY INC
List Price
$3,100,000
Sold Price
$2,180,000
Premium/Discount to List
-$920,000
-29.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,890,000
Interest Rate
0.0355%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 12, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
0.044%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 6, 1997
Sold by
Bought by

Purchase Details

Closed on
Mar 1, 1993
Bought by

Purchase Details

Closed on
Feb 28, 1993
Bought by

Purchase Details

Closed on
Jan 1, 1986
Bought by

Purchase Details

Closed on
Apr 1, 1983
Bought by

Purchase Details

Closed on
Oct 1, 1980
Bought by

Purchase Details

Closed on
Jan 1, 1980
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,180,000 None Listed On Document
$1,600,000 Attorney
-- --
$100 --
$239,200 --
$100 --
$149,000 --
$100 --
$40,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,125,000
Closed $3,150,000
Previous Owner $1,890,000
Previous Owner $1,000,000
Previous Owner $360,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/13/2022 01/13/22 Sold $2,180,000 -29.7% $3,633 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
11/01/2021 11/01/21 For Sale $3,100,000 +42.2% $5,167 / Sq Ft
10/18/2021 10/18/21 Off Market $2,180,000 -- --
10/14/2021 10/14/21 For Sale $3,100,000 0.0% $5,167 / Sq Ft
09/30/2021 09/30/21 Pending -- -- --
09/28/2021 09/28/21 For Sale $3,100,000 0.0% $5,167 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
09/07/2021 09/07/21 For Sale $3,100,000 0.0% $5,167 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
08/03/2021 08/03/21 For Sale $3,100,000 +42.2% $5,167 / Sq Ft
10/08/2020 10/08/20 Off Market $2,180,000 -- --
08/25/2020 08/25/20 For Sale $2,399,999 0.0% $4,000 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
07/14/2020 07/14/20 Price Changed $2,399,999 -11.1% $4,000 / Sq Ft
07/08/2020 07/08/20 Price Changed $2,699,999 +900.0% $4,500 / Sq Ft
07/08/2020 07/08/20 Price Changed $269,999 -90.2% $450 / Sq Ft
11/07/2019 11/07/19 Price Changed $2,749,000 0.0% $4,582 / Sq Ft
09/03/2019 09/03/19 For Sale $2,750,000 -- $4,583 / Sq Ft
Source: Stellar MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $42,196 $2,171,300 $239,437 $1,931,863
2024 $37,554 $2,199,300 $242,524 $1,956,776
2023 $37,554 $2,051,100 $459,694 $1,591,406
2022 $35,262 $1,987,600 $452,483 $1,535,117
2021 $31,145 $1,578,200 $376,296 $1,201,904
2020 $26,552 $1,176,800 $169,500 $1,007,300
2019 $27,331 $1,176,800 $169,500 $1,007,300
2018 $25,436 $1,176,800 $169,500 $1,007,300
2017 $23,533 $1,025,300 $78,000 $947,300
2016 $22,020 $880,330 $0 $0
2015 $19,456 $800,300 $0 $0
2014 $19,044 $773,060 $0 $0
2013 -- $859,500 $78,000 $781,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: T3196401

Stellar MLS
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