422 SW 69th St. Gainesville, FL, 32607 & 6816 SW 4th PL. Gainesville, FL, 32607

Purchase Price:

$1,650,000

Estimated Rehab:

None

After Repair Value:

$2,000,000

Property Information

Property Type: Multy Family

Year Built: 1984

Living SQFT: 6,148 Each

Total SQFT: 6,778 Each

Lot Size: 0.35 Acres each

Bedrooms: 24

Bathrooms: 24

Business Plan Highlights

Purchase Price: $1,650,000

Rehab Amount: None

Additional Notes: Fully Rehabed

Raise rents to 20,000$ +

Rental Gross ROI (WITH HOA): 15%+

RENT AMOUNT: 16,934$

AFTER REPAIR VALUE: 2,000,000

ARV: 2,000,000

8% Cap rate from day one

The properties at 422 SW 69th St and 6816 SW 4th Pl in Gainesville, FL, have been 100% fully rehabbed and consist of 16 units (a mix of two-bedroom, two-bathroom and one-bedroom, one-bathroom units). These identical buildings offer 6,148 sq. ft. each and are situated on 0.34-acre lots. Both buildings are fully occupied, providing steady rental income. They offer a 9% proforma cap rate and are ready for immediate income generation with the potential for a double-digit cap rate based on full occupancy and renovations
For Proforma: https://docs.google.com/spreadsheets/d/1-f57O8MW_mj7_lfy2k3dUTRZuJ6bXbmr?rtpof=true&usp=drive_fs

Contact us for showings and more information:

Sale Comparables

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Rent Comparables

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All offers are Cash or Private Lender Only 

Properties are sold AS-IS with NO inspection period; Please inspect first.

Buyer pays all closing costs for buyer and sellers

Rehab Estimate, Projected Rent, and ARV are ESTIMATES based upon the 

analysis and opinion of SafetyNet Group. Actual repair cost, rent, and/or ARV     may vary. 

Taxes, Insurance, and Closing Cost are estimates. Actual cost may vary.

Seller has an equitable interest in this property and is advertising the sale of this  interest.

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