706 Nw 20th Street, Gainesville, FL 32603

$530,000
4
BD
2
BA
1,888
SqFt

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Sold Price
$530,000
List Price
$549,000
Status
Sold
Days on Market
10
Closing Date
Jun 22, 2026
MLS#
GC539511
Property Style
Single Family
Year Built
1949
Bedrooms
4
Bathrooms
2
Living Area
1,888
Lot Size
16,553
Acres
0.38
Total Acreage
1/4 to less than 1/2
Legal Subdivision Name
Murrey Hill Court
MLS Area Major
Gainesville

Property Description

Turnkey UF Investment | $3,650/Month Through 2027 | Prime Corner Lot Cash-flowing rental just minutes to the University of Florida with a lease secured through July 2027—offering immediate, stable income in a high-demand location. This updated 4BR/2BA property sits on a desirable corner lot near Ben Hill Griffin Stadium and UF, a proven hotspot for consistent tenant demand and long-term appreciation. Inside, the home features durable LVP flooring throughout, along with an updated kitchen and bathrooms designed for low maintenance and lasting appeal. A bright sunroom with brand-new windows adds valuable living space and opens seamlessly to a paver patio, overlooking a massive fenced-in backyard—an increasingly rare feature this close to campus that enhances tenant retention and overall rental value. The functional layout, combined with strong indoor-outdoor flow and ample parking, makes this property especially attractive to student renters. A one-car garage adds additional storage and flexibility, further increasing its marketability. Major capital improvements have already been completed, including a newer HVAC system, hot water heater, garage door, washer and dryer, dishwasher, garbage disposal, updated sewer line, along with upgraded fixtures, ceiling fans, blinds, and fencing—significantly reducing near-term expenses and operational risk for the next owner. With limited inventory in this location, strong in-place income, and key system upgrades already handled, this is a fully stabilized, turnkey investment offering both reliable cash flow and long-term upside in one of Gainesville’s most sought-after rental markets.

Additional Information

Taxes
$8958
Minimum Lease
No Minimum
Community Features
No Deed Restriction
Property Description
One Story
Zoning
RSF2
Interior Layout
Ceiling Fans(s)
Interior Features
Ceiling Fans(s)
Floor
Luxury Vinyl
Appliances
Dishwasher, Dryer, Range Hood, Refrigerator, Washer
Utilities
Public
Heating
Central
Air Conditioning
Central Air
Fireplace Description
Wood Burning
Exterior Construction
Block
Exterior Features
Other
Roof
Shingle
Foundation
Slab
Pool
No Pool
Garage Carport
1 Car Garage
Garage Spaces
1
Flood Zone Code
X
Parcel ID
15458-000-000
Legal Description
MURREY HILL COURT PB D-16 LOT 31 & ST ADJ ON S SIDE ORD 990 DEED APPEARS IN ERROR OR 4934/1109

Listing courtesy of CORNERSTONE REALTY & MANAGEMENT SERVICES LLC. 352-262-4914

Selling Office: CORNERSTONE REALTY & MANAGEMENT SERVICES LLC.

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