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2404 Sw 31st Place, Gainesville, FL 32608

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For Sale

$825,000

16 beds • 6,150 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $134.15
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

This updated 2-Bedroom Multifamily Unit is a standout opportunity for investors seeking strong cash flow and long-term appreciation. Fully rent-ready, the unit features new flooring, fresh interior paint, a modern kitchen with updated appliances, a stylishly renovated bathroom, and a brand-new washer and dryer. The property is ideally located just 1.8 miles or a quick 5-minute drive from the University of Florida, placing it squarely in the path of strong, year-round rental demand. It s also just 6 minutes from the Florida Museum of Natural History and close to major retail hubs, including Publix, Walmart, and The Oaks Mall. This location ensures convenience for tenants and adds to the property's long-term rental appeal. Operationally, this asset is investor-friendly. All units are separately metered, and tenants are responsible for their own utilities including water, sewer, and trash keeping your expenses low and margins healthy. Most of the building's units have been similarly updated, which minimizes future capital expenditures and supports tenant satisfaction and retention. For serious investors looking to expand their portfolio with a low-maintenance, high-demand rental in a growth market, this property offers both immediate income and future upside.
MLS# O6317305

Courtesy Of LPT Realty, LLC.

(877) 366-2213

Property Features

  • Age
    41-50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Block
  • Floor Covering
    Vinyl
  • Lot Size
    0.2 Acres

Map and Directions

Directions to 2404 Sw 31st Place, Gainesville, FL 32608

Home seller CENTURY 21 J W Morton Real Estate, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 J W Morton Real Estate, Inc.

(352) 726-6668
Learn More About Us

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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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