Renovated One Bedroom
1810 NW 23RD BOULEVARD 125 Gainesville, FL 32605
1810 NW 23RD BOULEVARD 125, Gainesville, FL, 32605
$124,000
For Sale
$124,000
Updated one-bedroom condo near UF, Santa Fe, and downtown.
Property Size760 SF
Lot Size19.70 Acres
Price / SF$163.16
Days on Market490
Property Features for 1810 NW 23RD BOULEVARD 125
General Information
- Standard status
- Active
- Size
- 760 SF
- Lot size
- 19.70 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1972
Listing agency
UNION PROPERTIES OF GAINESVILLE, INC.
(352) 672-1494
Listed by
Myles Grayson · License #3427457
(352) 672-1494
Source
Exitrealty
Added: Mar 19, 2025 Updated: Jul 10 at 11:29AM Checked: Jul 21 at 6:23AM
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 UNION PROPERTIES OF GAINESVILLE, INC.
Investment Insights
Based on property information with market context.
This is a renovated one-bedroom unit located in Creeks Edge. The kitchen features upgraded cabinets, countertops, and newer stainless steel appliances. A breakfast bar provides additional seating, and a bright, private balcony is accessible from the living room. The primary bedroom is spacious, with double closets and large windows. The bathroom is updated with new tile and a new vanity. New LVP flooring is installed throughout the second-floor unit. The property is located in close proximity to UF, Santa Fe, and downtown. The property has a size of 760 square feet and is suitable for investors or first-time homebuyers.
Key Highlights
- Renovated with upgraded kitchen featuring new cabinets, countertops, and stainless steel appliances, plus an updated bathroom with modern tile and vanity.
- Convenient location close to UF, Santa Fe College, and downtown.
- New LVP flooring throughout the unit.
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 | $13.0k | $17.04 |
| − Vacancy | −$777 | −$1.02 |
| EGI | $12.2k | $16.02 |
| − OpEx | −$5.5k | −$7.21 |
| NOI | $6.7k | $8.81 |
760 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$95.6K
$83.7K – $111.6K
NOI $6,695 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$188.2K
$164.7K – $219.6K
NOI $13,177 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Creeks Edge Pool
Swimming Pool
Creeks Edge Condominium ...
Condominium Complex
keen notary services
Law Firm
Creek's Edge Condos
Apartment Complex
Creeks Edge Tennis ...
Sports Field & Court
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Updated one-bedroom condo near UF, Santa Fe, and downtown.
Where is this residential income property located?
The property is located at 1810 NW 23RD BOULEVARD 125 Gainesville, FL.
What is the asking price?
The asking price for this property is $124,000.
What are key features of this property?
This property features: Renovated with upgraded kitchen featuring new cabinets, countertops, and stainless steel appliances, plus an updated bathroom with modern tile and vanity.; Convenient location close to UF, Santa Fe College, and downtown.; New LVP flooring throughout the unit.
