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Asking Price: $124,900

After Repair Value: $154,731

2711 SE 27th St
Gainesville, FL 32641

Property Type: Single Family

Beds: 6

Baths: 2

Sq Ft: 1963

Incredible rental deal in a HUD OPPORTUNITY ZONE!

Cap rate of 9% (more if rooms are rented individually).

This cozy mid-century home just outside of Gainesville and next to a lake (Calf Pond) is rental property heaven and a landlord's dream. Located on a quiet road and only 10 minutes away from the University of Florida. It's suitable for a family yearly rental, AirBnB, or for university lodging.

This property is in a HUD Opportunity Zone. Three benefits of investing in an opportunity zone are

  • Temporary deferral of taxes on previously earned capital gains

  • Basis step-up of previously earned capital gains invested

  • Permanent exclusion of taxable income on new gains!

This 6 bedroom / 2 bathroom home only needs some freshening up. It features a big dining and a huge living room, new laminate flooring and terrazzo flooring in 4 bedrooms. Two of the bedrooms can be converted to offices for maximum versatility.

This property can cash flow immediately. Call, text or email now for details and to make an offer.

Deals like this don't last long!

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