Great income property opportunity for a seasoned investor looking to add to their portfolio or for someone who is looking to get started in property investment. This quadplex is nestled in Tower Village, a diverse community next to public parks, trails, public transportation, close to I-75 and 15 minutes away from the University of Florida and Shands hospital. Each unit is 2 bedrooms/1 baths, three out of four units are currently under lease.
Property Details
Property Features
Property Information:
Year Built: 1980
Living Area: 3,214 SqFt
Listing Office:
Office Name: MILLER REAL ESTATE
Office Phone: (352) 872-5704
Listing Agent: Natalie Thomas
Interior Features
Interior Information:
Appliances: Dishwasher, Range Hood, Refrigerator
Flooring Type: Laminate, Tile
Interior: Ceiling Fans(s), Living Room/Dining Room Combo, Other, Thermostat
This property is $238.9K more than the Median Sold Price and $27/SqFt less than other homes in Gainesville, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #GC517467
Listing Office:
Office Name: MILLER REAL ESTATE
Office Phone: (352) 872-5704
Listing Agent: Natalie Thomas
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.
Last updated on: 5/28/2024, 6:19:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$4,115
$142,241
2019
$3,521
$115,953
2018
$3,813
$141,500
2017
$3,598
$126,000
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,813
Per Month
Principal & Interest
$2,746
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,715
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Kimball Wiles Elementary School
4601 SW 75th St
Distance between this listing and this school0.26 miles
Public District Grades PK-5
Middle School
4
/10
Kanapaha Middle School
5005 SW 75th St
Distance between this listing and this school0.56 miles
Public District Grades 6-8
High School
6
/10
F. W. Buchholz High School
5510 NW 27th Ave
Distance between this listing and this school4.47 miles
Public Magnet Grades 9-12
Assigned Schools
6
/10
Kimball Wiles Elementary School
4601 SW 75th St
Distance between this listing and this school0.26 miles
Public District Grades PK-5
Nearby Schools
6
/10
Lawton M. Chiles Elementary School
2525 School House Rd
Distance between this listing and this school1.77 miles
Public District Grades PK-5
1
/10
Myra Terwilliger Elementary School
301 NW 62nd St
Distance between this listing and this school2.86 miles
Public District Grades PK-5
Assigned Schools
4
/10
Kanapaha Middle School
5005 SW 75th St
Distance between this listing and this school0.56 miles
Public District Grades 6-8
Nearby Schools
1
/10
Einstein Montessori School
5910 SW Archer Rd
Distance between this listing and this school0.98 miles
Public Charter Grades 2-8
4
/10
Fort Clarke Middle School
9301 NW 23rd Ave
Distance between this listing and this school4.22 miles
Public District Grades 6-8
Assigned Schools
6
/10
F. W. Buchholz High School
5510 NW 27th Ave
Distance between this listing and this school4.47 miles
Public Magnet Grades 9-12
Nearby Schools
7
/10
P.K. Yonge Developmental Research School
1080 SW 11th St
Distance between this listing and this school4.82 miles
Public District Grades KG-12
2
/10
A. Quinn Jones/Exceptional Student Center
1108 NW 7th Ave
Distance between this listing and this school5.86 miles
The neighbors living near this home have an average income of $33,966. Residents of Gainesville, FL typically earn less than $35k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
This home is located at 7225 SW 42nd Pl in Gainesville, FL and zip code 32608 in the Southwest Gainesville neighborhood. This 3,214 square foot home, which was built in 1980, sits on a 0.34 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 16, 2023 and is currently priced at $550,000.
In April 2024 more than 37 listings in Gainesville, FL were sold above the asking price. During the same period more than 65 listings were sold at asking price, while more than 138 were sold below. The inventory of homes for sale in Gainesville, FL between March 2024 and April 2024 increased by 3.6%. In April 2024 median list price was $311,018 and the average listing age was 42 days.
From Rocket Homes Real Estate and based on county public records data.