717 SE 5th Avenue Gainesville, FL
$ 3,500,000
Property Attributes
  • MLS#438426
  • TypeMulti-Family
  • CountyALACHUA
  • CityGainesville
  • AreaAlachua
  • Zip32601
  • Style
  • Year Built1984
  • Taxes19580
  • Price$ 3,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage22792
Listing Provided Courtesy Of:
The BeeryRainsberger Grp with Coldwell Banker M.M. Parrish Realtors
Property Description

Click the links herein to complete an electronic CA and receive the Offering Memorandum or view the Virtual Tour. The Cottages @ Depot Park is a 37 unit apartment complex in downtown Gainesville. The units are composed of seven 1 bedroom 1 baths measuring approximately 512 SF and thirty 2 bedroom 1 baths measuring 576-686 SF.  Here is the opportunity:  The average in place rent for 1 bedrooms is $730/month but the market rent is clearly $900/month and one of the seven units has already rented for $900. The seller self manages the units but would not manage for the new buyer.  The listing broker has several excellent suggestions for local property management.  All tenants have 12 month leases expiring July 2021 and the property is 100% occupied.  The average tenancy is 5 years.  The buildings are frame construction and well cared for.

Elementary School Middle School High School
Williams Elem Lincoln Middle Gainesville High
Price History
10/1/2020 Listed $3,500,000

General Features

Elementary School Williams Elem
High School Gainesville High
Middle School Lincoln Middle
Sub-Type 20-49 Units


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 32601

AVG $850K
AVG $5,191
AVG 48
Year Built
AVG 1941

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