Half Duplex Investment
2038 SW 70TH TERRACE Gainesville, FL 32607
New
2038 SW 70TH TERRACE, Gainesville, FL, 32607
$169,900
For Sale
$169,900
A 2 bed, 2 bath half duplex with fenced backyard, shed, and updated major systems.
Property Size874 SF
Price / SF$194.39
Days on Market5
Property Features for 2038 SW 70TH TERRACE
General Information
- Standard status
- Active
- Size
- 874 SF
- Property subtype
- Half Duplex
Building Details
- Year Built
- 1984
Listing agency
WATSON REALTY CORP- TIOGA
(352) 224-2600
Listed by
Kaitlyn Perry · License #3403095
Source
Miharaandassociates
Added: Jul 17 Updated: Jul 20 at 2:21AM Checked: Jul 21 at 3:17AM
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 WATSON REALTY CORP- TIOGA
Investment Insights
Based on property information with market context.
This offering is a half duplex featuring two bedrooms and two bathrooms. The interior includes a combined living, kitchen, and dining area designed for everyday gathering. The primary bedroom includes an ensuite bathroom, and there is an additional large space that can serve practical needs such as storage, work-from-home space, or hobbies.
Outside, the property includes a fully fenced backyard with a shed. The roof is described as being about 8 years old (2018), the A/C about 9 years old (2017), and the water heater about 5 years old (2021).
From an ownership standpoint, the layout provides a straightforward duplex configuration with enclosed outdoor space for tenants or owner-occupants.
Outside, the property includes a fully fenced backyard with a shed. The roof is described as being about 8 years old (2018), the A/C about 9 years old (2017), and the water heater about 5 years old (2021).
From an ownership standpoint, the layout provides a straightforward duplex configuration with enclosed outdoor space for tenants or owner-occupants.
Key Highlights
- Half duplex built in 1984 offering 2 bedrooms and 2 bathrooms
- Primary bedroom includes an ensuite bathroom plus a large addition for storage or flexible use
- Fully fenced backyard with a shed
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 | $13.1k | $15.00 |
| − Vacancy | −$852 | −$0.98 |
| EGI | $12.3k | $14.03 |
| − OpEx | −$3.7k | −$4.21 |
| NOI | $8.6k | $9.82 |
874 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$122.6K
$107.3K – $143.0K
NOI $8,580 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$110.0K
$96.3K – $128.3K
NOI $7,700 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$216.5K
$189.4K – $252.6K
NOI $15,153 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - A 2 bed, 2 bath half duplex with fenced backyard, shed, and updated major systems.
Where is this duplex located?
The property is located at 2038 SW 70TH TERRACE Gainesville, FL.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Half duplex built in 1984 offering 2 bedrooms and 2 bathrooms; Primary bedroom includes an ensuite bathroom plus a large addition for storage or flexible use; Fully fenced backyard with a shed
