2404 SW 31ST PL new Save Request In-Person Tour Request Virtual Tour
Gainesville,FL 32608
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,150 sqft
Price per Sqft $142
Subdivision Phoenix Sub Ph Ii Napier Grt
MLS Listing ID O6317305
Construction Status Completed
HOA Fees $166/mo
HOA Y/N Yes
Annual Recurring Fee 1992.0
Year Built 1981
Annual Tax Amount $8,209
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
This updated 2-Bedroom Multifamily Unit is a standout opportunity for investors seeking strong cash flow and long-term appreciation. Fully rent-ready, the unit features new flooring, fresh interior paint, a modern kitchen with updated appliances, a stylishly renovated bathroom, and a brand-new washer and dryer.
The property is ideally located just 1.8 miles—or a quick 5-minute drive—from the University of Florida, placing it squarely in the path of strong, year-round rental demand. It's also just 6 minutes from the Florida Museum of Natural History and close to major retail hubs, including Publix, Walmart, and The Oaks Mall. This location ensures convenience for tenants and adds to the property's long-term rental appeal.
Operationally, this asset is investor-friendly. All units are separately metered, and tenants are responsible for their own utilities—including water, sewer, and trash—keeping your expenses low and margins healthy. Most of the building's units have been similarly updated, which minimizes future capital expenditures and supports tenant satisfaction and retention.
For serious investors looking to expand their portfolio with a low-maintenance, high-demand rental in a growth market, this property offers both immediate income and future upside.
Location
State FL
County Alachua
Community Phoenix Sub Ph Ii Napier Grt
Area 32608 - Gainesville
Zoning PD
Interior
Interior Features Thermostat
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplace false
Laundry Inside,Laundry Closet
Exterior
Exterior Feature Other
Utilities Available Other
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Other
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Completed
Others
Pets Allowed Cats OK,Dogs OK
Senior Community No
Pet Size Small (16-35 Lbs.)
Ownership Fee Simple
Monthly Total Fees $166
Acceptable Financing Cash,Conventional,FHA,VA Loan
Membership Fee Required Required
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6317305