724 7TH AVENUE GAINESVILLE FL 32601 Sold 04/24/2025

Overview of 724 Nw 7th Ave

Uf students and grad students - why pay $2,000+ rent when you can buy this amazing home less than 1 mile to uf and make money while completing your education! Rare opportunity to own this beautifully remodeled craftsman style home in a prime location less than 1 mile to uf! Split bedroom plan featuring 3 large bedrooms and 2 full bathrooms. Open kitchen with quartz countertops and new appliances. Luxury vinyl flooring throughout the house. Main bedroom is split from the guest bedrooms and features a luxury bathroom and a side patio with a large swing. Side patio separate entrance to the main bedroom and to the laundry room so the main bedroom can be used as an in-law suite or rental unit. Front entrance florida room is huge and bright with windows and lvp flooring. All stainless steel appliances highlight the open kitchen. Why waste money on rent when you can own this beautiful property and make money short and long term as a great investment. So close to everything! 1/2 mile to santa fe college charles l. Blount center, .4 miles to flatfish bakery, .7 miles to publix on 13th (uf), .8 to matherly hall at uf, 1.5 miles to ben hill griffin stadium, less than 1 mile to dragonfly sushi and downtown and less than 1.5 miles to depot park and the 4th ave food park and so much more. Here's the math: scenario 1: renting a similar property near uf rent: $2,200/month annual rent cost: $26,400 total rent over 4 years: $105,600 scenario 2: purchasing 724 nw 7th ave total housing cost over 4 years: $116,640 net equity gained after 4 years: $66,900 net cost of buying (before rental income): $49,740 rental income from extra bedrooms estimated rent per bedroom: $800/month total rent for 2 bedrooms: $1,600/month annual rental income: $1,600 × 12 = $19,200 total rental income over 4 years: $19,200 × 4 = $76,800 net cost of buying after rental income net cost before rental income: $49,740 less rental income (2 bedrooms): $76,800 final adjusted net cost: -$27,060 (profit!) updated savings comparison: renting vs. Buying total rent paid over 4 years: $105,600 final adjusted net cost of buying (after rental income): -$27,060 (profit!) potential savings vs. Renting: $132,660 final takeaway with this setup, not only does buying save over $132k vs. Renting, but it actually turns into a profitable investment, generating $27,060 in positive cash flow over four years.

This lovely single family home was built in 1960 and features 3 bedrooms, and 2 full bathrooms. This home for sale is 1,634 square feet, with 1,434 sq ft being air conditioned living space. The home has a does not have a private swimming pool.

Directions to this property are as follows: From Uf - Take University To 7th And This Property Is On 7th And 7th Near Santa Fe's Downtown Campus.

Please contact your ZFC agent for more information about MLS# MFRGC527446 or any other homes for sale in Gainesville or elsewhere in the Alachua County area.