Spacious Condo Near
2905 SW ARCHER ROAD P5012 Gainesville, FL 32608
2905 SW ARCHER ROAD P5012, Gainesville, FL, 32608
$139,900
Pending
For Sale
$139,900
Pending
Two bedroom, two bath condo near UF and Shands.
Property Size800 SF
Days on Market494
Property Features for 2905 SW ARCHER ROAD P5012
General Information
- Standard status
- Pending
- Size
- 800 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1998
Listing agency
UNIVERSITY REALTY
(352) 281-3551
Listed by
Matt Price · License #3082307
(352) 281-3551
Source
Exitrealty
Added: Mar 15, 2025 Updated: Jul 10 at 1:05PM Checked: Jul 21 at 5:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of UNIVERSITY REALTY
Investment Insights
Based on property information with market context.
This residential income property is a spacious condo featuring two bedrooms and two bathrooms. The property has upgraded flooring throughout, eliminating carpet. A spacious washer and dryer closet includes shelving. Each bedroom has its own bathroom and walk-in closet. The air conditioning unit was installed in 2017, and the water heater was installed in 2019. The property is located near the University of Florida, UF Health Shands Hospital, and Butler Plaza shopping center. Community amenities include a pool. A bus stop outside the community provides bus routes to the University of Florida and Butler Plaza. Butler Plaza offers a variety of stores and restaurants, including Target, Wal-Mart, Whole Foods, Publix, and Starbucks. The property size is 800 square feet.
Key Highlights
- Close proximity to UF, UF Health Shands Hospital, and Butler Plaza shopping.
- Upgraded flooring throughout (no carpet).
- Each bedroom has its own bathroom and walk‑in closet.
Local Financial Insights For Apartment 5plus
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 | $13.6k | $17.04 |
| − Vacancy | −$818 | −$1.02 |
| EGI | $12.8k | $16.02 |
| − OpEx | −$5.8k | −$7.21 |
| NOI | $7.0k | $8.81 |
800 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$100.7K
$88.1K – $117.5K
NOI $7,048 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$198.1K
$173.4K – $231.2K
NOI $13,870 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Capstone Quarters
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Two bedroom, two bath condo near UF and Shands.
Where is this residential income property located?
The property is located at 2905 SW ARCHER ROAD P5012 Gainesville, FL.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Close proximity to UF, UF Health Shands Hospital, and Butler Plaza shopping.; Upgraded flooring throughout (no carpet).; Each bedroom has its own bathroom and walk‑in closet.
