Gainesville Condo Near University of
2360 SW ARCHER ROAD 914 Gainesville, FL 32608
2360 SW ARCHER ROAD 914, Gainesville, FL, 32608
$150,000
Pending
For Sale
$150,000
Pending
Well-maintained 2-bedroom, 2-bathroom condo near UF campus.
Property Size888 SF
Days on Market515
Property Features for 2360 SW ARCHER ROAD 914
General Information
- Standard status
- Pending
- Size
- 888 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1996
Listing agency
REAL BROKER, LLC
(352) 317-3063
Listed by
Jamie Vascotto · License #3272214
(352) 317-3063
Source
Exitrealty
Added: Feb 21, 2025 Updated: Jul 10 at 1:05PM Checked: Jul 21 at 6:22AM
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 REAL BROKER, LLC
Investment Insights
Based on property information with market context.
This well-maintained condo features 2 bedrooms and 2 bathrooms, offering a spacious open floor plan with natural lighting. Each of the two large bedrooms includes ample closet space. The modern kitchen comes equipped with appliances, and an in-unit washer and dryer provide added convenience. A private porch offers space for relaxation. Hot water is being replaced next month. The roof was recently replaced by the Association. Community amenities include a resort-style swimming pool, a 24-hour fitness center, and a clubhouse with study areas and high-speed Wi-Fi. Ample resident and guest parking is available, along with on-site management and security. The community is pet-friendly, with restrictions. Located near the University of Florida campus and UF Health Shands Hospital, the property is also close to shopping centers, dining options, and entertainment venues, with easy access to public transportation and major roadways. The property size is 888 square feet. This property is located in Gainesville, Florida.
Key Highlights
- Unbeatable location: Steps from the University of Florida campus and UF Health Shands Hospital.
- Two bedrooms and two full bathrooms for privacy and convenience.
- Enjoy the resort‑style swimming pool and 24‑hour fitness center.
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 | $15.1k | $17.04 |
| − Vacancy | −$908 | −$1.02 |
| EGI | $14.2k | $16.02 |
| − OpEx | −$6.4k | −$7.21 |
| NOI | $7.8k | $8.81 |
888 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$111.8K
$97.8K – $130.4K
NOI $7,823 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$219.9K
$192.5K – $256.6K
NOI $15,396 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Campus Edge Condominiums
Condominium Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Well-maintained 2-bedroom, 2-bathroom condo near UF campus.
Where is this residential income property located?
The property is located at 2360 SW ARCHER ROAD 914 Gainesville, FL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Unbeatable location: Steps from the University of Florida campus and UF Health Shands Hospital.; Two bedrooms and two full bathrooms for privacy and convenience.; Enjoy the resort‑style swimming pool and 24‑hour fitness center.
