1 month on rocket

716 NE 4th Ave, Gainesville, FL, 32601

$1,500,000

Home List Price

$10,000*

Closing Credit

12 Bedrooms
6 Baths
6,501 SqFt
$231/SqFt
Multi
Schools Nearby

Location

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716 NE 4th Ave, Gainesville$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Attached Garage6 spaces
Year Built1940
HeatingCentral, Electric
CoolingCentral Air
MLS #GC519888
Lot Size0.41 Acres
StatusActive

About 716 NE 4th Ave

Six-unit fully remodeled Multifamily Opportunity located in the well-established and highly desirable Duckpond area near Downtown Gainesville, Florida. All units are 2 beds/ 1 bath with in-place rents averaging $1,867/month and all capx has been completely done. Great place to park your money safely and watch it grow over time. These spacious 2-bedroom units average 1084/sqft each. These units were built in 1930 and 1940, 2-story, 3 buildings with 2 being concrete block and one being frame, and they sit on a spacious 0.41-acre lot. All 3 buildings include new roofs (2022, 2023), new Trane central heating & cooling units, new gas tankless water heaters, fully updated plumbing with supply lines and sewer lines, all new electrical panels, wiring, outlets, and switches, and full interior renovations. Landlord currently provides three washer/dryer hookups with washers and dryers (one for each building). There is the potential of adding more washer/dryer hookups either in the units themselves or the 6 individual garages under the back building. Tenant pays all utilities including water, sewer, and trash.

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Living Area: 6,501 SqFt

Listing Office:

  • Office Name: BHGRE THOMAS GROUP
  • Office Phone: (352) 226-8228
  • Listing Agent: Ken Mears

Interior Features

Interior Information:

  • Interior: Living Room/Dining Room Combo, Solid Surface Counters, Thermostat

Bedroom and Bathroom Information:

  • Total Bedroom Count: 12

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Balcony, Courtyard, Fence, French Doors, Storage

Parking Information:

  • Garage Space: 6 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot Size: 0.41 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Gainesville High School, Public Magnet Grades 9-12
  • Westwood Middle School, Public District Grades 6-8
  • W. A. Metcalfe Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From the Intersection of W University Ave and Main Street, head East on University Ave. Turn Left and head North on NE 7th St. Turn right and head East on NE 4th Ave. Property is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000
  • Price Per SqFt: $231/SqFt

Tax Information:

  • Annual Amount: $9,489
  • 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

716 NE 4th Ave vs Gainesville

55 DAYS ON ROCKET

+13 Days

$1,500,000

+$1.1M More

$231/SqFt

+$33 More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $33/SqFt more than other homes in Gainesville, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #GC519888

Listing Office:

  • Office Name: BHGRE THOMAS GROUP
  • Office Phone: (352) 226-8228
  • Listing Agent: Ken Mears

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

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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: 5/2/2024, 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

Tax History

YEARPROP. TAXASSESSMENT
2020$9,489$439,682
2019$8,809$333,960
2018$7,858$378,900
2017$6,875$276,000

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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-5145977
1
/10

  • W. A. Metcalfe Elementary School

  • 1250 NE 18th Ave

  • 1.11 miles

  • Public District Grades PK-5

Middle School

school-card-donut-5145978
3
/10

  • Westwood Middle School

  • 3215 NW 15th Ave

  • 3.31 miles

  • Public District Grades 6-8

High School

school-card-donut-5145979
4
/10

  • Gainesville High School

  • 1900 NW 13th St

  • 1.76 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 $20,970. Typical income of Gainesville, FL residents is less than $35k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Alachua County›Gainesville›32601›716 NE 4th Ave

This home is located at 716 NE 4th Ave in Gainesville, FL and zip code 32601 in the Downtown neighborhood. This 6,501 square foot home, which was built in 1940, sits on a 0.41 acre lot. Features: 12 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since March 08, 2024 and is currently priced at $1,500,000.

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 inventory of homes for sale in Gainesville, FL between March 2024 and April 2024 increased by 3.6%. The median list price of listings available in April 2024 was $311,018, while the average time on the real estate market was 42 days.

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

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