2442 NW 59TH AVENUE, Gainesville, FL 32653
Quadruplex - GAINESVILLE, FL
- Added:
- Nov 13, 2023
- Days on Market:
- 945
- Last Refresh:
- Jun 15 at 1:06 am
Property Features for 2442 NW 59TH AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- PD
- Pets allowed
- Yes
- Interior features
- Open Floorplan
- Appliances
- Dishwasher, Refrigerator, Washer
- Standard status
- Pending
- APN
- 06014-007-077
- Size
- 3,348 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Annual Amount
- 3570
- Expense value
- 86.669998168945
- Expense
- Home Owner Assessments Fee
- Expense freq.
- Monthly
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1981
- Number of units
- 4
- Flooring type
- Carpet, Tile, Tile - Ceramic, Vinyl
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Dada McGlynn License #3112603 (352) 317-5681
Listing office RE/MAX PROFESSIONALS 4011-C NW 43rd Street, Gainesville, FL (352) 375-1002
Listing date Nov 13, 2023
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Investment opportunity: Part of a portfolio or stand‑alone quad, ideal for investors or owner‑occupiers.
- Income potential: Current rents are below market value, offering significant upside for increased cap rate.
- Updated systems: Recent improvements include updated water heaters, AC units, and refrigerators in multiple units.
- Individual laundry: Each unit features individual laundry hook‑ups for tenant convenience.
- Convenient location: Centrally located in NW Gainesville, within walking distance to shopping and a short drive to UF Health.
- Each unit has 2 bedrooms and 1 bath.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.2k | $15.00 |
| − Vacancy | −$3.3k | −$0.98 |
| EGI | $47.0k | $14.03 |
| − OpEx | −$14.1k | −$4.21 |
| NOI | $32.9k | $9.82 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Longitude
- -82.361117
- Latitude
- 29.711217
