Description
Duckpond Historic District Vintage 1910 Duplex. Location, Location, Location!!! Walk to Downtown Gainesville dining and entertainment or the Historic Thomas Center. Eliminate your commute time and enjoy the biking distance to University of Florida and Shands Hospital. This two-unit house boasts TALL ceilings, beautiful front porch with swing, new roof 2018, fresh paint inside and outside 2019. Great bones for potential refurbishment, house could use love, or be lived in at present. Being sold as-is with home warranty. So many options: Live in one unit and rent out the other, rent out both units, convert it to a single family house! Upstairs lease through 3/30/22, downstairs lease through 7/30/21. Upstairs has central heat, downstairs gas space heater. Both units utilize window ac units. Both units are always rented, $1175 downstairs unit, $1270 upstairs unit = $2445 total monthly income. Tenants responsible for all utilities (2 separate water, gas, and electric meters), total annual income is $29,340. Expenses: property taxes $4,139, insurance $825, average maintenance $1000/year = $23,376 annual ROI or if you have it managed assume $20,000 annual ROI. Contact LA for virtual tours.
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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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2,228SQFT
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$150$/SQFT
School Information
Description
Duckpond Historic District Vintage 1910 Duplex. Location, Location, Location!!! Walk to Downtown Gainesville dining and entertainment or the Historic Thomas Center. Eliminate your commute time and enjoy the biking distance to University of Florida and Shands Hospital. This two-unit house boasts TALL ceilings, beautiful front porch with swing, new roof 2018, fresh paint inside and outside 2019. Great bones for potential refurbishment, house could use love, or be lived in at present. Being sold as-is with home warranty. So many options: Live in one unit and rent out the other, rent out both units, convert it to a single family house! Upstairs lease through 3/30/22, downstairs lease through 7/30/21. Upstairs has central heat, downstairs gas space heater. Both units utilize window ac units. Both units are always rented, $1175 downstairs unit, $1270 upstairs unit = $2445 total monthly income. Tenants responsible for all utilities (2 separate water, gas, and electric meters), total annual income is $29,340. Expenses: property taxes $4,139, insurance $825, average maintenance $1000/year = $23,376 annual ROI or if you have it managed assume $20,000 annual ROI. Contact LA for virtual tours.
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