3625 SW 29TH TERRACE Gainesville, FL 32608
Quadruplex in Gainesville, near University of Florida, strong rent growth.
Property Features for 3625 SW 29TH TERRACE
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.30 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1981
Listing office BRG REALTY VENTURES (352) 514-4725
Listing date Jan 22, 2025
Source Exitrealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Full occupancy quadruplex in Gainesville, FL.
- Strong rent growth opportunity.
- No HOA.
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 | $48.0k | $15.00 |
| − Vacancy | −$3.1k | −$0.98 |
| EGI | $44.9k | $14.03 |
| − OpEx | −$13.5k | −$4.21 |
| NOI | $31.4k | $9.82 |
