This duplex in Sugarfoot Oaks, Gainesville, features a total of 5 beds and 3 baths across approximately 2,061 sqft, split into a 3/2 and a 2/1. Based on direct comps—like the neighboring 2/1 unit at $1,350/month and local averages for larger multi-family units—the projected total monthly rent is likely in the $1,800–$2,400 range. Annually, that’s $21.6K–$28.8K. At a $202.5K valuation, the estimated payback period is about 7–9 years. The Gainesville rental market is stable, with strong demand from university students, hospital staff, and families. This property’s location near UF, hospitals, and shopping centers, plus the flexible unit mix, boosts tenant appeal. The main challenge: property is currently vacant and likely needs updates, but immediate turnover is possible post-renovation.
To maximize rent and value, consider light renovations—updating kitchens, baths, and adding in-unit laundry if not present. Fresh paint, modern fixtures, and curb appeal improvements will attract higher-quality tenants and justify top-of-market rents. If selling, market the property as a turnkey income producer with upside potential in a high-demand area. Highlight the rare 3/2 unit mix, ample parking, fenced corner lot, and proximity to major employers and UF.