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Archived about 3 years ago

$250,000

3 bd 1 ba 1274 sqft

315 NW 7TH TERRACE, GAINESVILLE, FL 32601

Residential SFR Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

$1,800

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Low

GAINESVILLE FL RENTAL UNIT

LISTING PRICE $250K QUICK SALE NEEDED
ARV AFTER 15K REHAB LEFT $285K
This 3 bedroom, 1 bath home built in 1940 is 1274 sq ft, located in Browns Addition Neighborhood is within biking and walking distance to UF and SF Hub.

ARV FEATURES:
• Front entry sitting room and library
• Large living room with decorative fireplace
• Open kitchen design which leads out to the mudroom
• Mudroom has enclosed water tank heater, sitting bench and clothes
countertop for pressing and folding clothes
• Spacious backyard
• All updated appliances
• Central heating and air conditioning
• Charming 1940 characteristics that modern homes do not simply have
• New LVP floors and new carpet in bedrooms

Benefits of location:
• .3 miles walking distance to Santa Fe College (CIED)
• .6 miles walking distance to student hub center providing comforts such as Starbucks, Target, Chik-Fil-A , Publix, Chase Bank, and much more !

Location:

315 NW 7TH TERRACE, GAINESVILLE, FL 32601

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.