3320 SE 22nd Ave, Gainesville, FL 32641

Great investment opportunity! Concrete block duplex with stucco and brick exterior 10 minutes from The University of Florida and 3 minutes from nearest police station. Unit 3322 is on the right side, and Unit 3320 is on the left. Each unit has its own private driveway, and one large concrete back porch. The backyard is fully fenced. Both units have been newly remodeled and are being rented with tenants that plan to stay. The unit features a brand-new kitchen, remodeled bathroom, a dishwasher, and other updates - making both sides attractive to tenants. The property is already producing strong rental income. One unit is rented through Section 8, providing guaranteed rent of $1,619 per month, while the other unit rents for $1,750 per month, for a total of $3,369 per month in rental income. At a $400,000 asking price, the property offers an estimated 7% cap rate, meaning an investor could expect to recover the purchase price through the property’s NET operating income in about 14 years, not including future rent increases or appreciation. Durable concrete block construction, roof replaced in 2022, updated interiors, strong rental history, and reliable income make this a great addition to any rental portfolio! For sale by owner please call/text/ leave voicemail to 8506761561