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    717 SE 5th Avenue

    Gainesville, FL 32601
    • $3,500,000
    • STATUS: Active
    • ON SITE: 22 days
    • MLS #: 438426
    $3,500,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,792
      SQFT
    • $154
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1984
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Click the links herein to complete an electronic CA and receive the Offering Memorandum or view the Virtual Tour. The Cottages @ Depot Park is a 37 unit apartment complex in downtown Gainesville. The units are composed of seven 1 bedroom 1 baths measuring approximately 512 SF and thirty 2 bedroom 1 baths measuring 576-686 SF. Here is the opportunity: The average in place rent for 1 bedrooms is $730/month but the market rent is clearly $900/month and one of the seven units has already rented for $900.The seller self manages the units but would not manage for the new buyer. The listing broker has several excellent suggestions for local property management. All tenants have 12 month leases expiring July 2021 and the property is 100% occupied. The average tenancy is 5 years. The buildings are frame construction and well cared for.

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    © 2020 Gainesville MLS, Inc. All Rights Reserved. Information deemed reliable but not guaranteed.The Broker Reciprocity logo designates real estate listings held by a brokerage firm other than Better Homes & Gardens Real Estate Thomas Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-10-24T00:07:01.733.
    www.thomasgrouprealty.com/homes/110592828
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    717 SE 5th Avenue Gainesville, FL 32601

    • Price: $3,500,000
    • Status: Active
    • MLS #: 438426
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    22,792
    SQFT
    $154
    $/SQFT
    1984
    Built
    Neighborhood:
    Not In Subdivision
    County:
    Alachua
    Area:
    Alachua
    Elementary School:
    Williams Elem
    Middle School:
    Lincoln Middle
    High School:
    Gainesville High
    Property Description
    Click the links herein to complete an electronic CA and receive the Offering Memorandum or view the Virtual Tour. The Cottages @ Depot Park is a 37 unit apartment complex in downtown Gainesville. The units are composed of seven 1 bedroom 1 baths measuring approximately 512 SF and thirty 2 bedroom 1 baths measuring 576-686 SF. Here is the opportunity: The average in place rent for 1 bedrooms is $730/month but the market rent is clearly $900/month and one of the seven units has already rented for $900.The seller self manages the units but would not manage for the new buyer. The listing broker has several excellent suggestions for local property management. All tenants have 12 month leases expiring July 2021 and the property is 100% occupied. The average tenancy is 5 years. The buildings are frame construction and well cared for.
    Property Features

    Bank Owned YN No Class Multi-Family Legal Description Roper Add Db J-550 Com Nw Cor Bk 3 Rg 2 S 250 Ft E 200.97 Ft N 50 Ft E 150 Ft M/L To N R/W Scl R/R Nely Along Rr/W To E Line Bk 3 N 160 Ft M/L To N Line Bk 3 W 400.97 Ft To Pob Or 4273/2422 Short Sale YN No Sub Type 20-49 Units Tax Year 2019 Taxes Annual 19580

    Listing information © 2020 Gainesville MLS.
    Listing provided courtesy of Coldwell Banker M.M. Parrish Realtors.


    © 2020 Gainesville MLS, Inc. All Rights Reserved. Information deemed reliable but not guaranteed.The Broker Reciprocity logo designates real estate listings held by a brokerage firm other than Better Homes & Gardens Real Estate Thomas Group. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-10-24T00:07:01.733.
     
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    Better Homes & Gardens Real Estate Thomas Group
    5346 SW 91st Terrace
    Gainesville FL, 32608