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2404 SW 31st Place, 
Gainesville, FL 32608

$875,000


Bed


Bath


6,150

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Tyler Gibson LLC.

Bien Nguyen

Lpt Realty, LLC.

Last updated:

June 13, 2025, 12:00 AM

MLS#

O6317305

Source:

MFRMLS

About This Home

2404 SW 31st Place

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.

Home Facts

Multi-Family

Built in 1981

Price Summary

875,000

$142 per Sq. Ft.

MLS #:

O6317305

Last Updated:

June 13, 2025, 12:00 AM

Added:

5 day(s) ago


Rooms & Interior

Interior

Living Area:

6,150 Sq. Ft.


Structure

Structure

Building Area:

6,150 Sq. Ft.

Year Built:

1981


Lot

Lot Size (Sq. Ft):

8,712


Finances & Disclosures

Finances

Price:

$875,000

Price per Sq. Ft:

$142 per Sq. Ft.

MLS Logo
The information being provided by My Florida Regional MLS DBA Stellar MLS. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the My Florida Regional MLS DBA Stellar MLS.. Lpt Realty, LLC. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Lpt Realty, LLC., a broker participant of My Florida Regional MLS DBA Stellar MLS.. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by My Florida Regional MLS DBA Stellar MLS. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2025 My Florida Regional MLS DBA Stellar MLS.. All rights reserved.

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