422 SE 8TH STREET, Gainesville
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Recently updated, 6 unit apartment building with strong student tenant base, close to the University of Florida. Property consists of one building, with 6 two bedroom / 1 bath garden style apartments. Each apartment has two dedicated parking spaces and is approximately 800 sf. The interior is a living room, kitchen with dining area, two bedrooms, a full bath and central heat and air with individual electric meters. Five of the units are rented, sixth is under remodel at the current time, occupancy is currently 83%. NOI is $23,250, income and expenses in attachments.
Listing information courtesy of Ackley florida property manage.
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