Gainesville Flip on 4 acres

Gainesville Flip on 4 acres

3 bed 1 bath 912 sq ft Built in 1964 Single Family
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60
Quality of Comparables
Low High
12 /20
Level of Rehab
Heavy Light
10/20
Location of Neighborhood
Far Close
12/20
Quality of Floor Plan
Choppy Flowing
14/20
School Rating
F A
6/10
Placement in Neighborhood
Busy Calm
6/10
Property Details

Here is a rare opportunity to pick up a single-family home on four acres in Gainesville. The 912 square foot property is wood frame and features three bedrooms and one bathroom. The entrance to the property has a large cattle-gate and more than 75% of the property is fenced-in. In order to get the best return on this investment, we recommend a full rehab including a new roof, air conditioner, ductwork, interior and exterior paint, flooring, complete kitchen and bathroom remodel, new light fixtures, and other miscellaneous items. 

With the availability of vacant land in Gainesville being so scarce, single-family home on four acres will be a huge selling point for the investor who picks up this deal. The zoning in Alachua County allows for an additional structure such as a mobile home or single-family home to be added without applying for a zoning variance or sub-dividing of the acreage into separate lots. Additionally, a mobile home and manufactured home in the area recently sold for $170,000 and $183,500. 

Properties with these features tend to move quickly. For more information, please contact your EquityPro Advisor. 

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We recommend flip
Rental Income
$1,200 mo. / $14,400 yr.
Estimated Taxes
$1,057 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$10,503
Projected Income
8.51%
Estimated APY
$31,704
Projected Income
22.12%
Estimated ROI

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