TBD SE 9th STREET, Gainesville, FL 32601

$399,000 Asking Price

4 beds
4 baths
1,584  sqft
Built in 2025

Pre-Construction. To be built. For more than a decade, Eastwood Construction has been Gainesville’s 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 Gainesville’s 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.


Features & Amenities

Interior

General:
Ceiling Fan(s), L Dining
Appliances:
Dishwasher, Disposal, Range, Range Hood, Refrigerator
Laundry:
Laundry Closet
Flooring:
Laminate
A/C:
true, Central Air
Heating:
true, Central, Electric

Exterior

General:
Garden, Lighting, Private Mailbox, Sidewalk

Construction

Roofing:
Shingle
General:
Cement Siding, Wood Frame, Two, Stem Wall

Location

Road/Access:
Paved
Originating MLS:
Stellar MLS
County:
Alachua

Lot

Zoning:
U3, 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., 12223001001

Utilities

Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Public, Sewer Connected, Street Lights, Underground Utilities, Water Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
Stellar MLS

This listing courtesy of:
SAGE REAL ESTATE, Megan Atwater

About Gainesville, FL

Housing

Number of Units
99,597
Median Home Value
$217,247
Median Rent
$915

55.66% of housing units are renter occupied.

8.46% are vacant.

Commute

Car
66.02%
Public Transportation
3.95%
Walk to Work
3.09%
Work from Home
23.21%
Other
1.15%

The median travel time to work is 17 minutes.

People

Population
218,376
Median Age
33.70
Median Household Size
2.34

Education

High School
18.19%
Associate’s Degree
10.73%
Bachelor’s Degree
24.96%
Graduate Degree
24.05%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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