Selling Price $ 399,000
4 Bedroom , 4 Bathroom
TBD SE 9TH ST, GAINESVILLE, 32601
Pre-Construction. To be built. For more than a decade, Eastwood Construction has been Gainesville’s top developer of new homes walkable to the University of Florida and Downtown with a proven track record of building more than 100 profitable rental properties. With four bedrooms and four bathrooms, this model brings in $3400-$3500 per month in rental income and is centrally located biking distance to the University of Florida and Downtown Gainesville. This property is part of the first phase of development in this area, with more than 30 homes of similar quality planned, presenting a unique opportunity to invest in one of Gainesville’s most promising neighborhoods. This particular lot will allow for ample off street parking with a strategically placed parking area and has a large green space in the rear of the property that provides for a peaceful and natural backyard. The 4/4 floor plan presents a CAP rate at 7.4% with a levereged return at almost 11% after all debts and management fees. No HOA or local restrictions make this an ideal short or long-term rental. Optional add-ons for detached apartment are a possibility. This home is being sold pre-construction and can be completed in 8 months making it an ideal investment for Fall 2025. Photos are of a previously constructed property of similar quality and layout.
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Single Family Residence
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4 Bedrooms
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4 Bathroom
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Living Area – 1584 Sq Ft
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Lot Size – 0.06 Acres
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$251.89 price/sqft
Subdivision : MCDOWALL'S
Days On Market : 13 Days
Agent Contact Details
Agent Name : Jamie Blankenship
Phone : 352-817-1627
Email : jamie@invictusfl.com
