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2905 SW Archer Road Unit 5005

Gainesville, FL 32608

2 beds
2 baths
800 sqft
$199 per sqft
1998 build
– on site

INVESTOR ALERT! Close and begin collecting rent immediately on this well-maintained 2 bed/2 bathroom condominium just up the street from the University of Florida, Shands Hospital and the VA. Already leased through July 31st, 2025 with rents secured at $1,300 for the 2024 - 2025 leasing season! Each bedroom features a private bathroom and walk-in closet. The floor plan has a split plan with an spacious open concept kitchen/living/dining combo. The current owner has replaced the flooring with durable luxury vinyl plank flooring that will last - no messy carpet! There is a community pool and bus stop outside the community with several direct bus routes to UF and Shands. It's so rare that a hassle free, well maintained investment presents itself in such an idyllic location. There's even a professional property management company already in place for any out-of-town investors. Come experience the true definition of passive income!

Listing courtesy of STELLAR_MLS / UNIVERSITY REALTY

Last checked: Checking… • Last updated Apr 29, 2024 •

MLS# GC521259 —

The Building

Year Built:

1998
New Construction:

false
Construction Materials:

Other
Building Area Total:

800
Levels:

One
Stories Total:

2
Unit Number:

5005
Floor Number:

1
Roof:

Shingle
Foundation Details:

Slab

Interior

Interior Features:

Kitchen/Family Room Combo
Flooring:

Luxury Vinyl
Fireplace:

false

Room Dimensions

Living Area:

800
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

From SW 34th ST, head east on Old Archer Rd. Capstone Quarters is off Old Archer Rd right before Brandywine. Unit is in Building O and located on the back side of the building on the second floor
Latitude:

29.628586
Longitude:

-82.366408
Coordinates:

-82.366408, 29.628586

The Property

Parcel Number:

06774010505
Property Type:

Residential
Property Subtype:

Condominium
Zoning:

MULTI-FAM
Direction Faces:

West
Exterior Features:

Other
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

X
Flood Zone Panel:

12001C0313E
Homestead:

false
Lease Restrictions:

true

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

-
Tax Annual Amount:

2158
Tax Legal Description:

CAPSTONE QUARTERS CONDO BK 4 PG 44 BLDG O 5005 & A 1/56 INT IN COMMON ELEMENTS OR 3195/668

Beds

Bedrooms Total:

2

Baths

Total Baths:

2
Total Baths:

2
Full Baths:

2

The Listing

Special Listing Conditions:

None
Buyer's Brokerage Compensation:

2.5%

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

BB/HS Internet Available
Sewer:

Public Sewer

Appliances

Appliances:

Dishwasher
Laundry Features:

Laundry Closet

The Community

Subdivision Name:

CAPSTONE QUARTERS CONDO
Senior Community:

false
Community Features:

Community Mailbox
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Pets Allowed:

Number Limit
Pet Restrictions:

It is recommended that a Buyer review the community documents to verify the accuracy of the pet restrictions and for specific details regarding pet restrictions. The listing info in this section is believed to be accurate, but is not guaranteed.
# of Pets:

2
Max Pet Weight:

40
Association Amenities:

Pool
Association:

true
Association Fee Includes:

Insurance
Association Fee Requirement:

None
Condo Fees:

289
Condo Fees Term:

Monthly
Monthly Condo Fee Amount:

289
Ownership:

Condominium
Association Approval Required:

false

Parking

Garage:

false
Carport:

false

Monthly cost estimate

Asking price

$159,900

Expense	Monthly cost
Mortgage	$856
Taxes	$179
Insurance	$43
Utilities	$109 See report
Total	$1,187/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

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Sale history

Date	Event	Source	Price	% Change
4/20/24 Apr 20, 2024	Listed / Active	STELLAR_MLS	$159,900	17.6% (15.4% / YR)
3/1/23 Mar 1, 2023		STELLAR_MLS	$136,000	-6.2%
2/8/23 Feb 8, 2023		STELLAR_MLS	$145,000

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This condo located in Gainesville, FL 32608 is currently for sale for $159,900. 2905 SW Archer Road Unit 5005 is a 800 square foot condo with 2 beds and 2 baths that has been on Estately for 13 days. This condo is in the attendance area of Idylwild Elementary School, Kanapaha Middle School, and Eastside High School.

Listing Courtesy of: STELLAR_MLS and UNIVERSITY REALTY.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.