Pre Construction. To be built. For more than a decade, Eastwood Construction has been Gainesvilles top developer of new homes walkable to the University of Florida and Downtown with a proven track record of building more than 100 profitable rental properties.
With four bedrooms and four bathrooms, this model brings in $3400 $3500 per month in rental income and is centrally located biking distance to the University of Florida and Downtown Gainesville. This property is part of the first phase of development in this area, with more than 30 homes of similar quality planned, presenting a unique opportunity to invest in one of Gainesvilles most promising neighborhoods. This particular lot will allow for ample off street parking with a strategically placed parking area and has a large green space in the rear of the property that provides for a peaceful and natural backyard.
The 4/4 floor plan presents a CAP rate at 7.4% with a levereged return at almost 11% after all debts and management fees.
No HOA or local restrictions make this an ideal short or long term rental. Optional add ons for detached apartment are a possibility. This home is being sold pre construction and can be completed in 8 months making it an ideal investment for Fall 2025. Photos are of a previously constructed property of similar quality and layout.
Pre Construction. To be built. For more than a decade, Eastwood Construction has been Gainesvilles top developer of new homes walkable to the University of Florida and Downtown with a proven track record of building more than 100 profitable rental properties.
With four bedrooms and four bathrooms, this model brings in $3400 $3500 per month in rental income and is centrally located biking distance to the University of Florida and Downtown Gainesville. This property is part of the first phase of development in this area, with more than 30 homes of similar quality planned, presenting a unique opportunity to invest in one of Gainesvilles most promising neighborhoods. This particular lot will allow for ample off street parking with a strategically placed parking area and has a large green space in the rear of the property that provides for a peaceful and natural backyard.
The 4/4 floor plan presents a CAP rate at 7.4% with a levereged return at almost 11% after all debts and management fees.
No HOA or local restrictions make this an ideal short or long term rental. Optional add ons for detached apartment are a possibility. This home is being sold pre construction and can be completed in 8 months making it an ideal investment for Fall 2025. Photos are of a previously constructed property of similar quality and layout.
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Public, Sewer Connected, Street Lights, Underground Utilities, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Net Operating Income: 0.00
Tax Year: 2023
Other Features
Appliances: Dishwasher, Disposal, Range, Range Hood, Refrigerator
Country: US
Interior Features: Ceiling Fans(s), L Dining
Legal Description: SOUTH 1/2 OF THE 50 FOOT FORMER RIGHT-OF-WAY OF "A STREET" LYING ADJACENT TO LOT 11, BLOCK 2 OF MCDOWALL'S ADDITION TO THE CITY OF GAINESVILLE, FLA, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK A, PAGE 101 1/2, OF THE PUBLIC RECORDS OF ALACHUA COUNTY, FLORIDA.
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