photo 1: 2404 SW 31ST PLACE, GAINESVILLE FL 32608

Courtesy of LPT REALTY, LLC 877-366-2213

Active

2404 SW 31ST PLACE, GAINESVILLE FL 32608

$825,000

Price

16

Beds

-

Baths

6,150

Sq. Ft.

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.

Listing Type

Multifamily

Property Type

Multi Family

Built Year

1981

Levels

--

Price/Sqft

--

Lot Size Acre

0.2

Status

Active

Days on Realoq

44

Living Area

6,150 Sq. Ft.

Lot Size Sqft

8,712 Sq. Ft.

Location

HOA Management Company
  • Lucy McCullough
HOA Management Company Phone
  • 352-378-1387
Fee Frequency
  • Monthly
Fee
  • $166
Interior Features
  • Thermostat
Laundry Features
  • Inside, Laundry Closet
Agent

Tyler Gibson LLC

Brokerage

LPT REALTY, LLC

Source AOR

Alachua

Listing ID #

O6317305

Possession

Close Of Escrow

This content last updated on 07/26/2025 11:16 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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Based on information submitted to the MLS GRID as of 07/26/2025 11:16 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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