Description
Investor opportunity to purchase a turn key rental portfolio which includes 6 units in the downtown Gainesville area and near the University of Florida. 4 of the units have tenants in place through 7/31/2021. The other 2 units are a fully furnished duplex being used as an AirBnB generating an average of ~$6200/month. All 6 units have been recently updated and all roofs, HVAC's, and water heaters have been replaced in the last 6 years. The units are located at 620 SW 4th St (3bed/2bath) $1,825/month, 1016 SE 7th Ave (3bed/1bath) $900/month, 715 NW 7th Ave (3bed/2bath) $1,400/month, 201 SE 2nd Ave #303 (2bed/2bath) $1,575/month, 821 & 825 SW 2nd Ter (both 3bed/1bath) ~$6,200/avg monthly AirBnB net income. Annual Income of ~$139,560, total expenses of $32,808, equals a $99,774 NOI at a 7.67% Cap Rate
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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6,418SQFT
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$203$/SQFT
School Information
Description
Investor opportunity to purchase a turn key rental portfolio which includes 6 units in the downtown Gainesville area and near the University of Florida. 4 of the units have tenants in place through 7/31/2021. The other 2 units are a fully furnished duplex being used as an AirBnB generating an average of ~$6200/month. All 6 units have been recently updated and all roofs, HVAC's, and water heaters have been replaced in the last 6 years. The units are located at 620 SW 4th St (3bed/2bath) $1,825/month, 1016 SE 7th Ave (3bed/1bath) $900/month, 715 NW 7th Ave (3bed/2bath) $1,400/month, 201 SE 2nd Ave #303 (2bed/2bath) $1,575/month, 821 & 825 SW 2nd Ter (both 3bed/1bath) ~$6,200/avg monthly AirBnB net income. Annual Income of ~$139,560, total expenses of $32,808, equals a $99,774 NOI at a 7.67% Cap Rate
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