This Multifamily Property is no longer advertised on LoopNet.com.

508 NE 4th Ave
Gainesville, FL 32601
Duckpond 8 Units · Multifamily Property For Sale · 8 Units

Property Facts

No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class C
Lot Size 0.45 AC
Building Size 10,332 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1969/2007
Parking Ratio 1.45/1,000 SF
Zoning MFR

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Heating
  • Ceiling Fans
  • Refrigerator
  • Range
  • Tub/Shower
  • Attic
  • Breakfast Nook

Site Amenities

  • Laundry Facilities
  • Bicycle Storage

About 508 NE 4TH AVE , GAINESVILLE, FL 32601

Some tenants are long term and the NOI of this building if all rents were the same is $80,422.00 with a cap rate of 10.73 8 Fully leases 2 Bedroom 1 and 1 half bathrooms units located in the heart of Gainesville's Duckpond. Units are solid Ocala block construction and were remodeled in 2007. 0 Vacancies. There is an additional 5 units 1 lot to the East that owner would consider selling as a package.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 8 $1,000 980

Property Taxes

Property Taxes

Parcel Number
14814-000-000
Land Assessment
$178,200
Improvements Assessment
$762,065
Total Assessment
$940,265
  • Listing ID: 9512112

  • Date on Market: 10/10/2017

  • Last Updated:

  • Address: 508 NE 4th Ave, Gainesville, FL 32601

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