Address
7225 SW 42nd PLACE, GAINESVILLE, FL
Price
$ 550,000
Property Attributes
  • MLS#GC517467
  • TypeIncome
  • CountyALACHUA
  • CityGAINESVILLE
  • AreaGainesville
  • NeighborhoodTower Village Rep
  • Zip32608
  • StyleQuadruplex
  • Year Built1980
  • Taxes$ 5130
  • Price$ 550,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3214
  • Lot Size0.34 Acres
Data Source:
Stellar MLS
Property Description

Great income property opportunity for a seasoned investor looking to add to their portfolio or for someone who is looking to get started in property investment. This quadplex is nestled in Tower Village, a diverse community next to public parks, trails, public transportation, close to I-75 and 15 minutes away from the University of Florida and Shands hospital. Each unit is 2 bedrooms/1 baths, three out of four units are currently under lease.

Elementary School Middle School High School
Kimball Wiles Elementary School-AL Kanapaha Middle School-AL F. W. Buchholz High School-AL
Price History
11/16/2023 Listed $510,000

General Features

Interior Features Ceiling Fan(s),Living Room/Dining Room Combo,Other,Thermostat
Sewer Public Sewer
Heating Electric
Cooling Central Air
Utilities Cable Available,Electricity Connected,Fire Hydrant,Water Connected
Possession Close of Escrow
Roof Shingle
Appliances Dishwasher,Range Hood,Refrigerator
Exterior Features Other
Zoning PD
Construction Materials Block,Concrete
Pets Allowed Breed Restrictions,Yes
Year Built 1980
Levels One
Property SubType Quadruplex
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 54000
County Alachua
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name TOWER VILLAGE REP
Garage Y/N No
Status Active
Directions From Gainesville at the crossing of Archer RD & Tower RD travel north on Tower RD. Right on SW 42nd PL and follow to address on right.
ModificationTimestamp 2024-02-14T18:53:40.707Z
High School F. W. Buchholz High School-AL
City GAINESVILLE
Buyer Agent Compensation 3%
Disclosures None
View Y/N No
Senior Community Y/N No
NumberOfUnitsTotal 4
MLS Area 32608 - Gainesville
Lot Size Units Square Feet
Lot Size Square Feet 14810
Waterfront Y/N No
Carport Y/N No
Elementary School Kimball Wiles Elementary School-AL
Land Lease Y/N No
Tax Annual Amount 5130
Middle/Junior High School Kanapaha Middle School-AL
Additional Parcels Y/N No
Lease Considered Y/N Yes
Virtual Tour https://www.propertypanorama.com/instaview/stellar/GC517467
Days on Market 47
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 4
Total Actual Rent 4500
Legal Description TOWER VILLAGE REPLAT OF LOTS 2 THRU 12 OF TOWER VILLAGE PB K-18 LOT 4 & 11/248 INT IN REC AREA OR 1430/0897 & OR 4372/0588
Water Access Y/N No
Water View Y/N No
Flood Zone Code X

Interior Features

Flooring Laminate,Tile
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 8
LivingAreaSource Public Records
Total Baths 4

Exterior Features

Water Source Public
Lot Size Area 14810
Foundation Details Block
Number of Buildings 1
Building Area Total 3450
Lot Size Acres 0.34
Road Surface Type Asphalt

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 32608

Price
AVG $410K
$550K
Taxes
AVG $4,022
$5,130
Visits
AVG 332
491
Data Provided by Inside Real Estate®
Year Built
AVG 1986
1980

Areas We Cover