619 Nw 7th Avenue, Gainesville, FL 32601
- $395,000
- 5
- BD
- 5
- BA
- 1,729
- SqFt
- List Price
- $395,000
- Status
- ACTIVE
- MLS#
- GC542022
- Bedrooms
- 5
- Bathrooms
- 5
- Living Area
- 1,729
- Subdivision
- Browns Addn-H P Jackson
Property Description
Welcome to this RARE opportunity to own a fully occupied, cash-flowing investment property just one mile from the University of Florida! This property offers a total of 5 bedrooms and 5 bathrooms with over 1,700 square feet of heated and cooled living space and is currently generating $4,200 per month in gross rental income. The main home features 4 bedrooms and 4 full bathrooms, while the attached studio offers a separate private entrance, full bathroom, and kitchenette - the perfect setup for a short-term rental opportunity. Step inside the main home and you’ll appreciate the newly installed luxury vinyl plank flooring, fresh interior paint, updated fixtures, and a beautifully renovated kitchen complete with shaker-style cabinetry, granite and butcher block countertops, and stainless steel appliances. All five bathrooms have also been tastefully renovated. Additionally, the studio has been updated with a refreshed kitchenette, new LVP flooring, fresh paint, and a gorgeously renovated bathroom. Additional updates include: new water heater, new HVAC system, new mini split in studio, and a newer roof (2023). Listed at $395,000, this property exceeds the 1% rule many investors are after, making it an attractive opportunity for anyone looking to add a strong income-producing property to their portfolio. Give us a call today to schedule a private tour!
Additional Information
- Year Built
- 1930
- Construction
- Wood Siding
- Living Area
- 1,729
- Acres
- 0.31
- Interior Features
- Ceiling Fans(s), Solid Surface Counters, Thermostat
- Cooling
- Central Air, Mini-Split Unit(s)
- Heating
- Natural Gas
- Exterior Features
- Awning(s), Balcony, Lighting
- Sewer
- Public Sewer
- Stories
- 1
- Pets
- Yes
Listing courtesy of KELLER WILLIAMS GAINESVILLE REALTY PARTNERS.
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