Residential Property - Single Family Residence in Gainesville
Listing Price: $399,000 (Mortgage Calculator →)Cumulative Days on Market: 250
Description of Property
Pre-Construction. To be built. For more than a decade, Eastwood Construction has been Gainesville’s top developer of new homes walkable to the University of Florida and Downtown with a proven track record of building more than 100 profitable rental properties. With four bedrooms and four bathrooms, this model brings in $3400-$3500 per month in rental income and is centrally located biking distance to the University of Florida and Downtown Gainesville. This property is part of the first phase of development in this area, with more than 30 homes of similar quality planned, presenting a unique opportunity to invest in one of Gainesville’s most promising neighborhoods. This particular lot will allow for ample off street parking with a strategically placed parking area and has a large green space in the rear of the property that provides for a peaceful and natural backyard. The 4/4 floor plan presents a CAP rate at 7.4% with a levereged return at almost 11% after all debts and management fees. No HOA or local restrictions make this an ideal short or long-term rental. Optional add-ons for detached apartment are a possibility. This home is being sold pre-construction and can be completed in 8 months making it an ideal investment for Fall 2025. Photos are of a previously constructed property of similar quality and layout.
Bedrooms: 4
Bathrooms: 4
Sq. Ft. Gross: 1,644
Garage: No
Carport: No
Parking Features:
Spa Features:
Water Frontage:
Water Features:
Water Access:
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Gainesville
County: Alachua
Subdivision: Mcdowall's
Bedrooms: 4
Bathrooms: 4
Sq. Ft. Gross: 1,644
Sq. Ft. Living Area: 1,584
Cost per (heated) sqare foot: $252
Year built: 2025
Annual Tax: $297
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances:
- Dishwasher
- Disposal
- Range
- Range Hood
- Refrigerator
Accessibility Features:
Window Features:
Additional Rooms:
Ceiling Type:
Flooring: Laminate
Pool & Waterfront Info
Private Pool: Not specified
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
Construction: Cement Siding, Wood Frame
Foundation: Stem Wall
Roof: Shingle
- Garden
- Lighting
- Private Mailbox
- Sidewalk
Parking Features:
Floors Total:
Floors in Unit: Two
Cooling: Central Air
Heating & Fuel: Central, Electric
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Utilities:
- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Phone Available
- Public
- Sewer Connected
- Street Lights
- Underground Utilities
- Water Connected
Sewer: Public Sewer
Water Source: Public
Community Features:
Association Amenities:
Lot Information
Lot Features:
Lot Size (acres): 0.06
Lot Size (sq. ft.): 2,500 square feet
Front Exposure: West
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Parcel Number: 12223001001
Zoning: U3
New Construction: Yes
Tax Legal Desc.: SOUTH 1/2 OF THE 50 FOOT FORMER RIGHT-OF-WAY OF "A STREET" LYING ADJACENT TO LOT 11, BLOCK 2 OF MCDOWALL'S ADDITION TO THE CITY OF GAINESVILLE, FLA, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK A, PAGE 101 1/2, OF THE PUBLIC RECORDS OF ALACHUA COUNTY, FLORIDA.
Section: 4
Range: 20
Listing courtesy of SAGE REAL ESTATE. 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.