2404 SW 31ST PLACE GAINESVILLE FL 32608 MLS #O6317305

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.