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7213 SW 44Th Pl Gainesville, FL 32608

For Sale
$895,000

Eight-unit apartment building near the University of Florida.

Lot size:
0.87 Acres

Property Features for 7213 SW 44Th Pl

General Information

Lot size
0.87 Acres

Building Details

Year built
1981

Source: BRG REALTY VENTURES Agent Joseph Klenck

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Tower Village Eightplex Investment Opportunity

This concrete block property, located in the Tower Village subdivision, features eight 2-bedroom, 1-bathroom units, each approximately 768 square feet. The property is positioned less than 15 minutes from the University of Florida and various retail and shopping centers. Each unit includes washer and dryer connections. Several upgrades have been made to the units, including flooring, cabinetry, fixtures, and appliances. The roof was replaced in 2019 with asphalt shingles. The property features all gas water heaters. Three HVAC systems are new. The average in-place rent per unit is $913 per month, while market rents in the same subdivision are reaching $1,200 or more. The property is professionally managed, and a vacant unit is available for tours. The net income is a pro-forma estimate.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Gainesville
County
Alachua
State
Florida
Longitude
-82.4203264
Latitude
29.6133681

FAQs

What type of property is this?
Apartment building - Eight-unit apartment building near the University of Florida.
Where is this apartment building located?
The property is located at 7213 SW 44Th Pl Gainesville, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: - Significant rental income upside: current average rent of $913/unit is well below market rents of $1,200+ in the same subdivision.; - Eight 2BR/1BA units in a single, easily managed concrete block structure.; - Convenient location: less than 15 minutes from the University of Florida and major retail/shopping centers.
More about this property
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