315 19th Ln., Gainesville, FL 32609

Lender Liquidation! This solid block property is a "textbook" cash flow opportunity for all investors. Consisting of two 3 bed/ 2 bath units, one 2 bed/ 1 bath, and one 1 bed/ 1 bath, this 4-unit building is located within 2 miles of the UF campus and priced to sell. A long term tenant (24 years!) occupies one unit, which easily offsets the monthly operating expenses, while the other units are poised for high returns after some minimal repair work. All 4 units pay their own electric, water/sewer/trash, and cable.

Estimated Cost Analysis Performed as Rental Property 
Revenue: 
Rental Income -
Monthly: $2,350.00
Annually: $28,200.00

Expenses: 
(Annual) Actual Taxes - $2,650.00
(Annual) Estimated Insurance - $2,000.00
(Annual) Repair Reserves ($120/mo) - $1,440.00
(Annual) Estimated Utilities/Lawn/Misc ($100/mo)- $1,200.00
Total Costs - $7,290.00

Annual Operating Income: $20,910.00

Priced well-below all other comps in the area, this bargain won't last long. Text or email agent for access and any other inquiries/offers.