Gainesville, FL 32608,2560 SW 31ST PL
Gainesville, FL 32608,2560 SW 31ST PL
Gainesville, FL 32608,2560 SW 31ST PL
18
$920,000
$960,000
4.2%
Est.Price: ?

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11,520 SqFt

2560 SW 31ST PL Gainesville, FL 32608

Est. payment /mo
SOLD DATE : 11/11/2020

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Key Details

Sold Price $920,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 11,520 sqft

Price per Sqft $79

Subdivision Phoenix

MLS Listing ID GC438356

Sold Date 11/11/20

HOA Fees $250/ann

HOA Y/N Yes

Year Built 1989

Annual Tax Amount $6,624

Property Description

Click the links herein to complete an electronic CA and receive the Offering Memorandum or view the Virtual Tour. Phoenix is a 355 unit HOA subdivision composed of duplexes, quadplexes, 6 plexes, and 8 plexes, of which this offering is for 12 of those units (two 6 plexes side by side). The property is located less than a mile south of the University of Florida and within 5 minutes driving distance to millions of square feet of retail and restaurants, including Butler Plaza, Celebration Pointe, Shands Hospital, the Veterans Administration Headquarters, three Publix centers, and I-75. All units are the same 2 bedroom 2.5 bath layouts measuring nearly 1,100 SF each. Here is the opportunity: The average in-place rent is $800/month with a range of $700-900/month. The last two units rented for $900/month. Rental comps in the immediate submarket support a $950-1,050 rent point for the units with very little upgrades necessary.

Location

State FL

County Alachua

Community Phoenix

Schools

Elementary Schools Idylwild Elementary School-Al

Middle Schools Kanapaha Middle School-Al

High Schools Eastside High School-Al

Others

Acceptable Financing Cash

Membership Fee Required Required

Listing Terms Cash

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Stellar MLS
Listed by Coldwell Banker M.M. Parrish Realtors
Bought with Coldwell Banker M.M. Parrish Realtors

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agent

Terrence TJ Logan

Agent | License ID: 261550333

+1(813) 295-8157

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