4405 SW 74th Ter., Gainesville, FL 32608

Offers will be reviewed on or before April 28th. Tower Village is a 254-unit multifamily community located in Gainesville, FL. Developed in the early-mid 1980s, the community features 5 Eightplexes, 51 Quadraplexes, 2 Triplexes, and 4 Condos. This offering is for one Quadraplex. The subdivision is within 5 miles of the University of Florida and HCA Florida North Hospital and within 4 miles from several major shopping centers that feature national brands such as Bass Pro Shops, Super-Walmart, & Target. The parcel sits on 0.42 +/- acre. All four units are 2BR/1BA measuring 837 +/- SF. Each unit has a fireplace and a private patio, washer/dryer connections, carpet flooring in the living space and bedroom, tile flooring in the kitchen and bathroom, and original oak cabinetry. The tenant is responsible for electricity and water/sewer. The landlord pays for garbage pick-up. THE OPPORTUNITY: Current in-place rent is astonishingly low at $600/month for each of the four units. Comparable 2 BR/1 BA units in the same subdivision (and nearby comparable subdivisions) are renting for $1,050-1,300 depending on the level of interior update.