PRICED AT ONLY: $595,000
Address: 1718 69 Terrace, GAINESVILLE, FL 32607
Description
Turnkey Gainesville Fourplex Stabilized Asset with Strong Cash Flow Potential
Positioned in one of North Central Floridas most reliable rental markets, this upgraded fourplex presents a compelling opportunity for investors seeking immediate income and long term appreciation. The property consists of four spacious 2BR/1.5BA units with a proven, tenant friendly layout that supports consistent occupancy and retention.
Capital improvements completed in 20242025, including flooring, windows, plumbing, and full bathroom upgrades, significantly reduce deferred maintenance and future CapEx exposure.
With strong rental demand driven by the University of Florida and surrounding employment hubs, this asset is well positioned for stable cash flow and continued rent growth. Ideal for investors seeking a low maintenance, income producing property with upside potential through rental optimization.
Property Location and Similar Properties
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- MLS#: GC539450 ( Residential Income )
- Street Address: 1718 69 Terrace
- Viewed: 12
- Price: $595,000
- Price sqft: $151
- Waterfront: No
- Year Built: 1981
- Bldg sqft: 3948
- Bedrooms: 8
- Total Baths: 8
- Days On Market: 19
- Additional Information
- Geolocation: 29.6366 / -82.4166
- County: ALACHUA
- City: GAINESVILLE
- Zipcode: 32607
- Subdivision: Tower Oaks
- Elementary School: Lawton M. Chiles
- Middle School: Fort Clarke
- High School: F. W. Buchholz
- Provided by: BHHS FLORIDA REALTY
- Contact: Terri Ardines
- 352-225-4700
- DMCA Notice
Features
Building and Construction
- Covered Spaces: 0.00
- Exterior Features: Balcony, Courtyard, Lighting
- Flooring: Carpet, Ceramic Tile, Laminate
- Living Area: 3720.00
- Other Structures: Storage
- Roof: Shingle
Property Information
- Property Condition: Completed
Land Information
- Lot Features: Cul-De-Sac, Paved
School Information
- High School: F. W. Buchholz High School-AL
- Middle School: Fort Clarke Middle School-AL
- School Elementary: Lawton M. Chiles Elementary School-AL
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
- Parking Features: Ground Level, On Street
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Heating: Central
- Sewer: Public Sewer
- Utilities: Cable Available, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Tax Year: 2025
Rental Information
- Tenant Pays: Electricity, Gas, Sewer
Other Features
- Appliances: Cooktop, Dryer, Electric Water Heater, Exhaust Fan, Range, Refrigerator, Washer
- Country: US
- Furnished: Unfurnished
- Interior Features: Ceiling Fans(s), Central Vaccum, Living Room/Dining Room Combo, PrimaryBedroom Upstairs, Solid Surface Counters, Thermostat
- Legal Description: TOWER OAKS UNIT 1 PB K86 LOT 9 or 5113/0985
- Levels: Two
- Area Major: 32607 - Gainesville
- Parcel Number: 06678-100-009
- Views: 12
- Zoning Code: PD
Nearby Subdivisions
Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
