7225 Southwest 42nd Place

Gainesville, FL 32608

$384,900
Price
8
Beds
3,214 Sq. Ft.
$120 / Sq. Ft.
3,214
Sq. Ft.
$120
per Sq. Ft.

Description

Fantastic income property opportunity with this well-located quadplex in the Tower Village community. Perfect for seasoned investors looking to expand their portfolio or newcomers eager to enter the property market, this multi-family dwelling offers both potential and convenience. Each of the four units features a comfortable 2-bedroom, 1-bath layout. Currently, one out of the four units is leased, providing immediate rental income and a foundation for future growth. Walking distance to public park...Fantastic income property opportunity with this well-located quadplex in the Tower Village community. Perfect for seasoned investors looking to expand their portfolio or newcomers eager to enter the property market, this multi-family dwelling offers both potential and convenience. Each of the four units features a comfortable 2-bedroom, 1-bath layout. Currently, one out of the four units is leased, providing immediate rental income and a foundation for future growth. Walking distance to public park & botanical gardens and this property is just a stone's throw from public transportation options and is conveniently located near I-75. Plus, it’s a mere 15 minutes from the University of Florida and Shands Hospital, making it an attractive option for short term rentals, college students, and medical professionals alike. Don't miss this chance to secure a prime investment in a thriving community. Whether you're looking to build your portfolio or start your investment journey, this quadplex is a smart choice!
  1. Listed by Natalie Thomas • MILLER REAL ESTATE

Property Details for 7225 Southwest 42nd Place

Subdivision Name
TOWER VILLAGE REP
Township
10
Waterfront
No
LISTING UPDATED: 09/26/2024 06:50 AM

Property Details for 7225 Southwest 42nd Place

StatusActive
MLS #GC525351
Days on Market3
Taxes$5,130 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1980
Lot Size0.34 AC / 14,810 SF
CountyAlachua County

Building Information for 7225 Southwest 42nd Place

Stories-Residences4Year Built1980Building Size-Lot Size0.34 AC / 14,810 SF

Property Information for 7225 Southwest 42nd Place

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 3450.0
  • Building Area Units: Square Feet
  • Directions: From Gainesville at the crossing of Archer RD & Tower RD travel north on Tower RD. Right on SW 42nd PL and follow to address on right.
  • Elementary School: Kimball Wiles Elementary School-AL
  • Middle Or Junior School: Kanapaha Middle School-AL
  • High School: F. W. Buchholz High School-AL
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 7225
  • Street Direction Prefix: SW
  • Street Name: 42ND
  • Street Suffix: PLACE
  • State: FL
  • City: GAINESVILLE
Parking
  • Available For Lease: Yes
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Pet Restrictions: See City of Gainesville guidelines.
  • Tax Book Number: K-18LOT
  • Tax Legal Description: TOWER VILLAGE REPLAT OF LOTS 2 THRU 12 OF TOWER VILLAGE PB K-18 LOT 4 & 11/248 INT IN REC AREA OR 1430/0897 & OR 4372/0588
  • Tax Lot: 4
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 06886-004-000
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: PD
  • Living Area: 3214
Property and Assessments
  • Year Built Numeric: 1980
  • Flood Zone Code: X
  • Flood Zone Date: 09-24-2021
  • Flood Zone Panel: 12001C0435E
  • New Construction: No
  • Public Survey Range: 19
  • Public Survey Section: 21
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Fire Hydrant, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Concrete
  • Exterior Features: Other
  • Foundation Details: Block
  • Levels: One
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 8
  • Appliances: Dishwasher, Range Hood, Refrigerator
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Laminate, Tile
  • Heating: Electric
  • Interior Features: Ceiling Fans(s), Living Room/Dining Room Combo, Other, Thermostat
  • Laundry Features: Laundry Closet
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $14,400.00
  • Gross Income: $14,400
  • Unit Count: 4
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 2
  • Unit Type Description 1: UNIT A
  • Unit Type Heated Sq Ft 1: 803
  • Unit Type Number Of Units Occupied 1: 0
  • Unit Type Pro Forma 1: 1400
  • Unit Type Type 1: 2 Bed/1 Bath
  • Unit Type Units Total 1: 1
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 2
  • Unit Type Description 2: UNIT B
  • Unit Type Heated Sq Ft 2: 803
  • Unit Type Number Of Units Occupied 2: 0
  • Unit Type Pro Forma 2: 1400
  • Unit Type Type 2: 2 Bed/1 Bath
  • Unit Type Units Total 2: 1
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 2
  • Unit Type Description 3: UNIT C
  • Unit Type Heated Sq Ft 3: 803
  • Unit Type Number Of Units Occupied 3: 1
  • Unit Type Pro Forma 3: 1200
  • Unit Type Type 3: 2 Bed/1 Bath
  • Unit Type Units Total 3: 1
Unit 4
  • Unit Type Baths Total 4: 1
  • Unit Type Beds Total 4: 2
  • Unit Type Description 4: UNIT D
  • Unit Type Heated Sq Ft 4: 803
  • Unit Type Number Of Units Occupied 4: 0
  • Unit Type Pro Forma 4: 1400
  • Unit Type Type 4: 2 Bed/1 Bath
  • Unit Type Units Total 4: 1
Rental
Rental Information
  • Tenant Pays: Electricity, Sewer, Water
  • Total Actual Rent: $1,200
  • Pets Allowed: Breed Restrictions, Yes

Property History for 7225 Southwest 42nd Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7225 Southwest 42nd Place

Taxable ValueLand$60,000Additions$148,806Total$208,806
Tax Record2023$5,130 ($428 / month)
Home Facts
Total Finished SqFt3,214 SqFtAbove Grade Finished SqFt3,214 SqFtStories1Lot Size14,810 SqFtStyleQuadraplexYear Built1980Year Renovated1985ZoningPDCountyALACHUAAPN06886-004-000

Schools near 7225 Southwest 42nd Place

This home is within Alachua.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 5 to 12
Public - 6 to 8
Charter - 2 to 8
Rating
School
Distance
Kimball Wiles Elementary School
PublicPK to 5

F. W. Buchholz High School
Public5 to 12

Kanapaha Middle School
Public6 to 8

The Einstein School, Inc.
Charter2 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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7225 Southwest 42nd Place is a multi-family home for sale in Gainesville, FL 32608. This property was listed for sale on September 25, 2024 by MILLER REAL ESTATE, it's currently listed at $384,900. This listing's school district is Alachua. Nearby schools include Kimball Wiles Elementary School, F. W. Buchholz High School and Kanapaha Middle School. 7225 Southwest 42nd Place is a 8-bed, 0-bath, 3,214 sqft multi-family home built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MILLER REAL ESTATE

Based on information from one of the following Multiple Listing Services: Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.