3650 SW 20TH AVE Gainesville, FL 32607

Investment Opportunity. Green Cove townhomes is composed of 12 units (two 6 plexes side by side) with common parking between the buildings. The property is located less than a mile from the University of Florida and within walking distance to millions of square feet of retail and restaurants, including Butler Plaza and Celebration Pointe. Easy access to Shands Hospital, the Veterans Administration Headquarters, three Publix centers, and I-75. The property is located on the bus line and adjacent to a large bus stop/pedestrian hub. All units are the same 2 bedroom 1.5 bath layouts measuring nearly 1,100 SF each. The average in-place rent is $850/month. Rental comps in the immediate area off of SW 20th Ave support a $1200 rent point for the units with very minimal upgrades.