436 NW 9th St, Gainesville, FL 32601

Opportunity to pay for your child’s education from the appreciation of this outstandingly located triplex while they live in one unit and rent out the other two for income. This triplex is under a 10-minute walk from the University of Florida and is located in the historic Pleasant Street neighborhood. The triplex has been very well maintained including original hardwood floors, a brand-new paint job, installation of new exterior lighting fixtures, and has a 2013 roof. All 3 units are 2 BR/1 BA with washer dryer connections. Each unit is 547 +/- SF.   There is full occupancy currently thru July 2024 and no tenants are behind on rent. Two leases are set to expire in July 2024. The 3rd has renewed, which will provide an opportunity for a parent with a child who will be attending the University in the fall to move in to one unit and make money by renting out the others. Given its proximity to UF, the property can be marketed to both students and professionals who are affiliated with the university. Market rents for the units are $1,300. Sales comps in the area strongly back the offering price of $121k/unit.  The property is professionally managed by a local management group who would be happy to continue doing so.