Move-in Ready Condo Near
1700 SW 16TH COURT B7 Gainesville, FL 32608
1700 SW 16TH COURT B7, Gainesville, FL, 32608
$142,500
For Sale
$142,500
Condo near UF Health Shands Hospital and UF campus.
Property Size755 SF
Price / SF$188.74
Days on Market750
Property Features for 1700 SW 16TH COURT B7
General Information
- Standard status
- Active
- Size
- 755 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1987
Listing agency
UNIVERSITY REALTY
(352) 281-3551
Listed by
Matt Price · License #3082307
(352) 281-3551
Source
Exitrealty
Added: Jul 2, 2024 Updated: Jul 6 at 12:41PM Checked: Jul 21 at 5:39AM
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 move-in ready condo features two bedrooms and one bathroom. The property offers upgraded flooring, a large living room, and a kitchen. The community provides a pool and laundry facility. It is located on the bus route to the University of Florida and Butler Plaza. The property is within walking distance to UF Health Shands Hospital, UF Dental School, UF Vet School, and the VA Hospital. The property size is 755 square feet.
Key Highlights
- Walking distance to UF Health Shands Hospital, UF Dental School, UF Vet School, and the VA Hospital
- Move‑in ready condition
- Upgraded flooring throughout
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 | $12.9k | $17.04 |
| − Vacancy | −$772 | −$1.02 |
| EGI | $12.1k | $16.02 |
| − OpEx | −$5.4k | −$7.21 |
| NOI | $6.7k | $8.81 |
755 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$95.0K
$83.1K – $110.9K
NOI $6,651 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$187.0K
$163.6K – $218.2K
NOI $13,090 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Summerset
Condominium Complex
Summit House Condominiums
Condominium Complex
Sage Haven
Vacation Rental
Summit House - Building ...
Apartment Building
Summit House P21
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Condo near UF Health Shands Hospital and UF campus.
Where is this residential income property located?
The property is located at 1700 SW 16TH COURT B7 Gainesville, FL.
What is the asking price?
The asking price for this property is $142,500.
What are key features of this property?
This property features: Walking distance to UF Health Shands Hospital, UF Dental School, UF Vet School, and the VA Hospital; Move‑in ready condition; Upgraded flooring throughout
