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  5. 305 NE 6TH STREET
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Full details for 4 Bedroom Quadruplex For Sale in Gainesville, Florida

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Description

This classic, Victorian Revival building is a quadruplex with 4 spacious units. Each unit is a 1 bedroom/1 bathroom apartment in the highly sought-after Northeast Historic District (aka. The DuckPond) of Northeast Gainesville. Downtown Gainesville is walking distance, and the University of Florida is 1.5 miles away. This property boasts all-modern upgrades while also retaining its vintage elegance and charm. The original features include a large, covered front porch, original hardwood floors, and multiple fireplaces. Each unit has its own modern and upgraded kitchen, bathroom, and utility area. The roof, the electrical system, the plumbing/water tanks, and the HVAC systems are all 6-7 years old. There are two units upstairs and two downstairs. The two upstairs units are accessible via an external staircase that leads to a shared door and interior hallway that houses the front doors for both units. This property could serve as a fantastic income-producing investment as well as a home for any potential buyer.Three of the four units are established listings on Airbnb. One of the four units is annually leased but is being converted into a fourth Airbnb listing. All four units currently generate a gross income of $135,000.00 per year. There is an ad-valorem tax exemption discount awarded for 10 years for renovations made that catered to the historic preservation of the property. Back to listing
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