Renovated Brick Duplex Townhome
714 SW 69TH STREET Gainesville, FL 32607
New
For Sale
$225,000
Fully occupied, renovated brick duplex with two 2-bedroom townhome-style units, decks in one unit, and 2022 roof/HVAC.
Property Size1,800 SF
Price / SF$125
Days on Market5
Property Features for 714 SW 69TH STREET
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Duplex
Building Details
Year Built
1980
Listing Agency:
THE MULTIFAMILY ADVISORS
(352) 871-8324
Listed By:
Joe Klenck · License #3555950
Source:
Miharaandassociates
Added: Jul 23
Changed: Jul 26
Last Checked: Jul 26 at 2:46AM
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 THE MULTIFAMILY ADVISORS
Investment Insights
Based on property information with market context.
This fully occupied renovated brick duplex features two 2BD/1.5BA townhome-style units with open layouts. Each unit provides approximately 900+/- square feet of living space. Unit A has been completely remodeled, including updated kitchens and bathrooms, new fixtures, vinyl plank/tile flooring, and private deck areas.
The property’s in-place rents are $1,220 for Unit A and $1,212 for Unit B. Tenants pay all utilities. Improvements and key systems include a 2022 asphalt shingle roof, with both HVAC units dated 2022. Electrical components include copper wire with Cutler Hammer and Square D breakers, and main plumbing drains are PVC; plumbing supply lines are mainly copper with a few instances of CPVC in good condition with operable shutoff valves.
Located at the front of the Cedar Ridge subdivision of Gainesville, FL, the duplex is within 5 miles of Oaks Mall, the University of Florida, HCA North Florida Hospital, and several shopping centers and other amenities. The duplex is being offered for sale along with three additional quadruplexes in the same subdivision (724 SW 68th Ter, 723 SW 69th St, and 712 SW 70th Ter), which may be purchased individually or as a portfolio.
The property’s in-place rents are $1,220 for Unit A and $1,212 for Unit B. Tenants pay all utilities. Improvements and key systems include a 2022 asphalt shingle roof, with both HVAC units dated 2022. Electrical components include copper wire with Cutler Hammer and Square D breakers, and main plumbing drains are PVC; plumbing supply lines are mainly copper with a few instances of CPVC in good condition with operable shutoff valves.
Located at the front of the Cedar Ridge subdivision of Gainesville, FL, the duplex is within 5 miles of Oaks Mall, the University of Florida, HCA North Florida Hospital, and several shopping centers and other amenities. The duplex is being offered for sale along with three additional quadruplexes in the same subdivision (724 SW 68th Ter, 723 SW 69th St, and 712 SW 70th Ter), which may be purchased individually or as a portfolio.
Key Highlights
- Fully occupied brick duplex (2 units) with a strong occupancy history
- Both units are 2BD/1.5BA townhome style with open layouts and 900+/- sqft living space
- In‑place rents: Unit A $1,220; Unit B $1,212; tenants pay all utilities
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 | $27.0k | $15.00 |
| − Vacancy | −$1.8k | −$0.98 |
| EGI | $25.2k | $14.03 |
| − OpEx | −$7.6k | −$4.21 |
| NOI | $17.7k | $9.82 |
1,800 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$252.5K
$220.9K – $294.5K
NOI $17,672 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$226.5K
$198.2K – $264.3K
NOI $15,857 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$445.8K
$390.1K – $520.1K
NOI $31,208 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied, renovated brick duplex with two 2-bedroom townhome-style units, decks in one unit, and 2022 roof/HVAC.
Where is this duplex located?
The property is located at 714 SW 69TH STREET Gainesville, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Fully occupied brick duplex (2 units) with a strong occupancy history; Both units are 2BD/1.5BA townhome style with open layouts and 900+/- sqft living space; In‑place rents: Unit A $1,220; Unit B $1,212; tenants pay all utilities
