5 months on rocket

501 SW 69th St, Gainesville, FL, 32607

$399,000

Home List Price

$4,738*

Closing Credit

6 Bedrooms
6 Baths
2,898 SqFt
$138/SqFt
Multi
Schools Nearby

Location

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501 SW 69th St, Gainesville$399,000

Buyer Closing Credits

$4,738*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1983
HeatingCentral
CoolingCentral Air
MLS #GC517116
Lot Size0.23 Acres
StatusActive

About 501 SW 69th St

Exceptional Investment Opportunity in Cedar Ridge, Gainesville! Delight in the potential of this charming triplex nestled in the tranquil Cedar Ridge neighborhood, a prime investment in the heart of SW Gainesville FL. Poised in a rapidly gentrifying area, this property features three units, with two beautifully updated and one ready for your creative vision to enhance its charm and value. Currently fully occupied with rents below market value, there's significant upside potential, with market rents supporting $1,100 to $1,200 per unit. This is a golden chance to increase your revenue with minimal effort. The property features a durable metal roof installed in 2018, ensuring low maintenance costs, and the exterior has been freshly repainted, enhancing its curb appeal. Located in a quiet, family-friendly area, this property enjoys a strong tenant pool, ensuring it's never vacant. Its proximity to local amenities, top-rated schools, and vibrant Gainesville attractions, like the University of Florida and numerous parks and recreational facilities, makes it an attractive option for renters. Gainesville is known for its lush green spaces, vibrant cultural scene, and bustling downtown, offering a perfect blend of urban convenience and natural beauty. With a strong job market and a growing population, it's an ideal location for property investment. Don't miss out on this fantastic opportunity to own a piece of Gainesville's thriving rental market. A smart investment, whether you're looking to expand your portfolio or stepping into the property investment world. Contact us today to learn more about this promising property!

Property Details

Property Features

Property Information:

  • Year Built: 1983
  • Living Area: 2,898 SqFt

Listing Office:

  • Office Name: UNITED DREAM REAL ESTATE
  • Office Phone: (305) 901-5331
  • Listing Agent: Abiel Ballesteros

Interior Features

Interior Information:

  • Flooring Type: Carpet, Tile, Vinyl
  • Interior: Ninguno

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Other

Virtual/3D Tour

  • Virtual Tour: 501 SW 69th St

Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.23 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • F. W. Buchholz High School, Public Magnet Grades 9-12
  • Fort Clarke Middle School, Public District Grades 6-8
  • Myra Terwilliger Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Tower Road turn onto SW 8th Avenue. Make a left onto SW 67th Terrace followed by a left onto SW 5th Place. Property will be on the right of SW 69th St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $399,000
  • Price Per SqFt: $138/SqFt

Tax Information:

  • Annual Amount: $3,085
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Gainesville, FL.

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Gainesville, FL

City

Med. Sold Price

$311K

Med. Price/SqFt

$198

Avg. Days On Market

42

# of Sold Homes

240

501 SW 69th St vs Gainesville

165 DAYS ON ROCKET

+123 Days

$399,000

+$87.9K More

$138/SqFt

-$60 Less

KEY TAKEAWAY

This property is $87.9K more than the Median Sold Price and $60/SqFt less than other homes in Gainesville, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #GC517116

Listing Office:

  • Office Name: UNITED DREAM REAL ESTATE
  • Office Phone: (305) 901-5331
  • Listing Agent: Abiel Ballesteros

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/5/2024, 11:49:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 18, 2021Home Sold
$196,000
Jun 22, 2017Home Sold
$90,000
Jan 20, 2012Home Sold
$50,000
Sep 28, 2004Home Sold
$97,500
Oct 01, 2003Home Sold
$82,000
Feb 01, 2001Home Sold
$57,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,085$111,663
2019$2,693$70,070
2018$2,316$63,700
2017$2,272$75,100

History based on county public records data.

Payment Calculator

$2,059

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,263

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6813437
1
/10

  • Myra Terwilliger Elementary School

  • 301 NW 62nd St

  • 0.72 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6813438
4
/10

  • Fort Clarke Middle School

  • 9301 NW 23rd Ave

  • 2.35 miles

  • Public District Grades 6-8

High School

school-card-donut-6813439
6
/10

  • F. W. Buchholz High School

  • 5510 NW 27th Ave

  • 2.23 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,338. Most Gainesville, FL residents have annual incomes less than $35k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Alachua County›Gainesville›32607›501 SW 69th St

This home is located at 501 SW 69th St in Gainesville, FL and zip code 32607 in the Cedar Ridge neighborhood. This 2,898 square foot home, which was built in 1983, sits on a 0.23 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since November 22, 2023 and is currently priced at $399,000.

Gainesville, FL housing market in April 2024 saw over 37 listings sold above listed price, more than 65 sold at listed price and over 138 sold below. The number of listings in Gainesville, FL increased by 3.6% between March 2024 and April 2024. Listings spent 42 days on the market in April 2024, and had a median list price of $311,018 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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