914 SW 8th Ave. #5, Gainesville, FL 32601

MAJOR INVESTOR ALERT! CONDO WITHIN WALKING DISTANCE TO UF! CAP RATE OF 12.8% WHICH JUMPS TO 22.8% WHEN 4TH TENANT IS SECURED! Concrete block 4/2 condo on sorority row. Newer tile flooring (2008). An end unit that comes fully furnished. Open courtyard with a nice pool in the center of the complex. Currently has 3 tenants paying a rent of $375 each. Owner also approx pays taxes of $120/month, insurance of $30/month, HOA of $265/month, electric max of $150/month, and cable of $80/month. Average rent for this condo over the past 2 years has been $1500/month. Owner wants to sell quickly and is willing to give additional 7% discount off the price to buyer who purchases both condos (see MLS#345904) by 10/10/13. Cash offers only! 5+ Units.