3928 NW 20TH TERRACE
Gainesville, FL 32605

$350,000 Under Contract
Subdivision: Paradise Sub Contd

Under contract-accepting backup offers. Very nice 3 BR 2 BA pool home in NW Gainesville. Currently used as an AirBnB, this investment opportunity features an established property that has generated $60,939 so far this year (as of 12/9). Excellently located near the University of Florida, UF Health, VA, and HCA hospitals, the home includes 3 bedrooms, 2 baths, a pool, and a 1-car carport. It has been meticulously maintained and updated, boasting a remodeled kitchen with modern cabinetry, quartz countertops, and stainless steel appliances. The property also features tile flooring in the great room, dining area/bonus room, and all bedrooms. The pool is perfect for enjoying the summer days, and the roof was replaced in 2021. Also being offered as part of a 3 home portfolio package yielding over 18% CAP rate with gross income ($215,580 as of 12/9/24) offered at $1,150,000 via short term rentals in 2024. Ready for quick closing and immediate occupancy! Home comes fully furnished.

Basic Information
MLS#: GC526295
Price: $350,000
Square Footage: 1160
Price / Square Foot: $301.72
Bedrooms: 3
Bathrooms: 2 Full
Acreage: 0.23
Year Built: 1959
Details
HVAC: Central,Gas, Central Air
Exterior Features: Sliding Doors
Elementary School: C. W. Norton Elementary School-AL
Middle School: Westwood Middle School-AL
High School: Gainesville High School-AL
Virtual Tour: Click here
Listing Courtesy Of: WATSON REALTY CORP - 352-377-8899

by Savvy & Company LLC