1624 Nw 2nd Avenue

Gainesville, FL 32603

About this property

The Saunders House Apartments are located two blocks North of the University of Florida. The Saunders House apartments are located in a high growth with multiple new and expanding projects. The University of Florida boasts of over 50,000 students, is a top ten university and a world class athletic program. There are three buildings: Building 1: Are 6 units being leased as short term rentals in an Air B&B style. Each unit is two bedroom and two baths. All are nicely furnished, have equipped kitchens, and have weekly housekeeping. The building is located a short walk from the Football and Basketball facilities and much of campus. Building 2: Consists of 6 units rented on a yearly basis and are mostly student rentals. Building 3: Is the historic Saunders House built after WW II to house Veteran Students coming back from the war. It has a 3 bedroom 1 bath and a 2 Bedroom 1 bath on the ground floor and 8 individual units upstairs. This is not a typically managed buy a X Cap Rate opportunity. It is more for an organization wanting to take advantage of the proximity to UF and Shands Hospitals or a buyer with a vision for expanding on the current operation and holding for the bright future to come.

Date Listed
August 27, 2018
Listing Status
Days On Site

Features and Additional Information

Lot Size
0 SqFt
Property Type
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$3,200,000 Active
0 Beds
0 Baths
13,244 SQFT

Presented By Perry Pursell

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Area Information

Alachua | Alachua County |

$ 3,200,000
This listing is play_arrow 65716.5% higher than the average in the area
$ 4,862 in the area
13,244 SqFt
This listing is play_arrow 694.5% larger than the average in the area
1,667 SqFt in the area
$ 242 $/SqFt
This listing is play_arrow 8184.2% more than the average in the area
$ 3 $/SqFt in the area
513 days on site
This listing is play_arrow 566.2% above the average in the area
77 days on site in the area

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