Residential Property - Condominium in Gainesville
Listing Price: $209,900 (Mortgage Calculator →)Cumulative Days on Market: 505
Description of Property
One or more photo(s) has been virtually staged. This townhome is already rented, making it an excellent turnkey investment opportunity in the highly desirable gated community of Magnolia Place. Located just minutes from top-rated schools, shopping, restaurants, and I-75, this 2-bedroom, 2.5-bath unit offers stable rental income in a prime Gainesville corridor. The main level features beautiful wood flooring, a guest half bath, and a fully equipped kitchen with all appliances, including an in-unit washer and dryer. A screened-in porch overlooks a peaceful green space, providing added privacy and an outdoor storage closet perfect for bikes or tools. Upstairs, you’ll find two primary suites, each with its own private bathroom. One suite includes a large walk-in closet, and the laundry closet is conveniently located between the bedrooms for easy access. Additional investor advantages include a brand new AC unit, reducing future maintenance concerns, and improving long-term operating costs. Magnolia Place offers a full suite of amenities covered by the HOA: exterior maintenance, pest control, community pool, fitness center, tennis court, clubhouse, and more. With assigned parking at the doorstep and a low-maintenance community structure, this property is an ideal hands-off investment for anyone seeking reliable returns in a growing Gainesville market.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Condominium
City: Gainesville
County: Alachua
Subdivision: Magnolia Place Twnhms
Bedrooms: 2
Bathrooms: 2
Half Baths: 1
Sq. Ft. Gross: 1,275
Sq. Ft. Living Area: 1,275
Cost per (heated) sqare foot: $165
Year built: 2003
Annual Tax: $3,235
HOA Fee: $236 Monthly
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Washer
Flooring: Laminate
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Wood Frame
Foundation: Slab
Roof: Shingle
Exterior Features: Storage
Floors Total: 1
Floors in Unit: Two
Cooling: Central Air
Heating & Fuel: Central
Sewer: Public Sewer
Water Source: Public
Community Features: Sidewalks
Lot Information
Front Exposure: South
Legal Description & Other Information
Financing Available: VA Loan
Parcel Number: 06061080802
Zoning: RESIDENTIA
Pets Allowed/Pet Policies: Dogs OK
Tax Legal Desc.: MAGNOLIA PLACE TOWNHOMES CONDOMINIUM CONDO BK 5 PG 62 BLDG 8 UNIT 802 & AN UNDIVIDED INT IN COMMON ELEMENTS OR 3535/1247 & OR 4013/1144
Section: 22
Range: 19
Listing courtesy of ZORI REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.