NOT LISTED FOR SALE
8 Beds
4 Baths
3,348 Sq Ft
0.35 Acre Lot

Sale Details

Date Sold: September 5, 2023

Last sale price $500,000 $149 Per Sq Ft

40 Days on Market

Highlights

  • No HOA
  • Balcony
  • Central Heating and Cooling System
  • Kimball Wiles Elementary School Rated A-
  • Courtyard
  • Combination Dining and Living Room

About This Home

As of September 2023

Introducing a charming fourplex property located in the vibrant city of Gainesville. One unit has been fully renovated and another one was partially renovated (kitchen & floors). This multi-family dwelling offers an excellent investment opportunity and is perfect for individuals looking to expand their real estate portfolio. Rents are below market rates by $150-$375 per units .This fourplex is conveniently located close to major amenities, including shopping centers, restaurants, parks, and entertainment options. Its prime location provides easy access to transportation routes, making commuting a breeze. Each unit within the fourplex features 2 bedrooms and 1 bathrooms, providing comfortable and spacious living arrangements for tenants. The layout of the units is designed to maximize functionality and optimize the use of space.

Last Agent to Sell the Property

Abiel Ballesteros

UNITED DREAM REAL ESTATE Brokerage Phone: 305-901-5331 License #3194299 Listed on: 06/02/2023

Last Buyer's Agent

Matt Merdian

MERDIAN REALTY LLC License #3271956

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,765

Year Built

  • Built in 1981

Lot Details

  • 0.35

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 3,348 Sq Ft Home
  • Ceiling Fan
  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Balcony
  • Courtyard

Schools

  • Kimball Wiles Elementary School
  • Kanapaha Middle School
  • F. W. Buchholz High School

Additional Features

  • 15,246 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Tower Village III Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $16,414
  • Gross Income $48,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,765

Year Built

Built in 1981

Lot Details

0.35 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Block, Brick
  • Fireplace: No
  • Living Area: 3348
  • Lot Size Acres: 0.35
  • New Construction: No
  • Year Built: 1981
  • Lot Size Sq Ft: 15246
  • Tenant Pays: Electricity, Water
  • Status: Sold
  • Street Direction: SW
  • Ownership: Fee Simple
  • Escrow State: FL
  • RATIO Current Price By Calculate: 149.34
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 0
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo
  • Foundation Details: Other
  • Total Bedrooms: 8
  • ResoLivingAreaSource: Appraiser
  • Living Area Meters: 311.04

Exterior Features

  • Exterior Features: Balcony, Courtyard, Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Electricity Available, Water Available
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Development: Tower Village

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Kimball Wiles Elementary School-AL
  • High School: F. W. Buchholz High School-AL
  • Middle Or Junior School: Kanapaha Middle School-AL

Lot Info

  • Zoning: PD
  • Parcel Number: 06879-010-025
  • Additional Parcels: No
  • Property Attached Yn: No
  • Flood Zone Code: C0435E

Rental Info

  • Pets Allowed: Yes
  • Total Actual Rent: 4025

Multi Family

  • Gross Income: 48300
  • Number Of Units Total: 4
  • Total Num Buildings: 1
  • Unit Count: 4
  • Est Annual Market Income: 36919.00

Tax Info

  • Tax Annual Amount: 4764.86
  • Tax Book Number: K-58
  • Tax Lot: 25

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
Jun 2, 2023
Closed on
Aug 14, 2023
Sold by
Holly Heights Gainesville 1 Llc and Holly Heights Gainesville 2 Llc
Bought by
Seller's Agent
Abiel Ballesteros
UNITED DREAM REAL ESTATE
Buyer's Agent
Matt Merdian
MERDIAN REALTY LLC
List Price
$510,000
Sold Price
$500,000
Premium/Discount to List
-$10,000
-1.96%
Views
152

Purchase Details

Closed on
Feb 28, 2022
Sold by
Holly Heights Holdings And Acquisition L
Bought by
Holly Heights Gainesville 1 Llc and Holly Heights Gainesville 2 Llc

Purchase Details

Closed on
Oct 7, 2019
Sold by
Tri Sun Apartments Inc
Bought by
Fns Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3.5%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 30, 2012
Sold by
Ryals Yontz Burton Louis and Ryals Yontz Geri
Bought by
Trisun Apartments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 16, 1999
Sold by
Wiedler J Phillip and Weidler Shirley Z
Bought by
Ryals Yontz Burton L and Ryals Yontz Geri

Purchase Details

Closed on
Apr 30, 1991
Bought by
Trisun Apartments Inc

Purchase Details

Closed on
Dec 5, 1990
Bought by
Trisun Apartments Inc

Purchase Details

Closed on
Dec 1, 1980
Bought by
Trisun Apartments Inc
Source: Public Records

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
$2,000,000 All Florida Professional Title
Holly Heights Gainesville 1 Llc $15,555,000 Jose I Moreno Pa
Fns Properties Llc $1,315,200 Attorney
Trisun Apartments Inc $625,000 Attorney
Ryals Yontz Burton L $69,500 --
Trisun Apartments Inc $75,000 --
Trisun Apartments Inc $89,700 --
Trisun Apartments Inc $106,000 --
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
Previous Owner $260,000
Previous Owner Trisun Apartments Inc $500,000
Previous Owner Yontz Burton L $112,000
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
09/05/2023 09/05/23 Sold $500,000 -2.0% $149 / Sq Ft
07/13/2023 07/13/23 Pending -- -- --
06/02/2023 06/02/23 For Sale $510,000 -- $152 / 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 $7,705 $352,354 $120,000 $232,354
2024 $5,650 $268,019 $60,000 $208,019
2023 $5,650 $209,650 $60,000 $149,650
2022 $4,765 $165,949 $20,000 $145,949
2021 $4,644 $160,375 $36,000 $124,375
2020 $4,305 $141,939 $36,000 $105,939
2019 $3,914 $133,171 $36,000 $97,171
2018 $3,856 $141,000 $36,000 $105,000
2017 $3,629 $125,500 $36,000 $89,500
2016 $3,297 $105,300 $0 $0
2015 $3,391 $108,600 $0 $0
2014 $3,546 $112,300 $0 $0
2013 -- $113,900 $24,000 $89,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: GC513784

Stellar MLS
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