100% Occupancy, NOI $38K, 8-Unit Student Complex at UF
Pricing
$290,000.00
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Price: $290,000.00
CAP Rate: 10
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Property Location
531 SE 2nd Place
Gainesville, FL 32601
Features
Units: 8
Bedrooms: 11
Bathrooms: 7
Contact Information
OFFICE
 352-226-3535
 Email
813-347-9379
Cash-flowing property with 100% occupancy 10 year track record.

This 8 unit Student Apartment Complex is at 100% occupancy with and occupied in in the middle of the student population at the University of Florida. 

Annual Income: $58,560 - $64,500

Expenses:
Taxes: $4,200
Insurance: $4,200
Utilities: $11,450
Maintenance: $4,200

Annual NOI: $38,600

The large & spacious, downtown historic house, offers a unique outlook on college living with hardwood floors, open porches, and the little extras found in this vintage home make this a unique find for anyone resulting in 100% occupancy for 10 years.
All information in this site is deemed reliable but is not guaranteed and is subject to change