Pending

706 NW 20th Street

GAINESVILLE, FL 32603
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Bed 4

Bed

Bath 2

Bath

SqFt1,888

Sqft

Acres0.38

Acre(Lot)

Under contract-accepting backup offers. 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.

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Detail Ic Property Details

Property Type : Residential

Price : $549,000

AD Id : 77534351

MLS Id : MFRGC539511

Beds : 4

Lot Size : 0.38 Acre

Living Area Size : 1,888

Year Built : 1949

Garage : 1

County : Alachua

Subdivision: Murrey Hill Court

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Feature Features

  • Bedroom Information

    Total Bedroom: 4

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Interior Features

    Ceiling Fans(s) Roof: Shingle Appliances: Dishwasher, Dryer, Range Hood, Refrigerator, Washer Laundry Features: Laundry Room

    Roofing Information

    Shingle
  • Flooring Information

    Flooring: Luxury Vinyl Construction Materials: Block
  • Heating & Cooling

    Heating: Central Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 1949
  • Exterior Features

    Other Construction Materials: Block Foundation Details: Slab

  • Lot Information

    Lot Square Feet: 16553 Lot Acres: 0.38 Lot Size (SqMt): 1538

    Property Information

    Property Type: Residential Sub Type: Single Family Residence

  • Listing Price Information

    Original List Price:$545000

  • Tax Information

    Tax Book Number: D-16 Tax Lot: 31 Tax Legal Description: MURREY HILL COURT PB D-16 LOT 31 & ST ADJ ON S SIDE ORD 990 DEED APPEARS IN ERROR OR 4934/1109 Annual Tax: $8958 Tax Year: 2025 Parcel Number: 15458-000-000

  • Utility Information

    Public Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: MURREY HILL COURT City: GAINESVILLE Direction: Head East on University Avenue until you reach NW 22nd. Make a right. Turn right onto NW 7th lane. House is on the corner of NW 20th street and NW 7th lane
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
203 NW 15th Street, Gainesville, FL, 32603 $2,000,000 -- -- 4,433 4,433 SqFt
1530 NW 6th Avenue, Gainesville, FL, 32603 $549,000 5 3 2,768 2,768 SqFt
1741 NW 6th Avenue, Gainesville, FL, 32603 $629,000 3 2 1,520 1,520 SqFt
609 NW 19th Street, Gainesville, FL, 32603 $565,000 5 3 2,275 2,275 SqFt
920 NW 20th Street, Gainesville, FL, 32603 $549,000 5 2 1,981 1,981 SqFt
2016 NW 7th Place, Gainesville, FL, 32603 $599,000 5 3 2,653 2,653 SqFt
2034 NW 7th Lane, Gainesville, FL, 32603 $499,000 3 1 992 992 SqFt
2150 NW 7th Lane, Gainesville, FL, 32603 $779,000 3 3 2,432 2,432 SqFt
2256 W University Avenue, Gainesville, FL, 32603 $495,000 2 2 818 818 SqFt
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ByOwner last updated this listing 06/16/2026 @ 06:20

MLS: MFRMLS #GC539511 LISTED BY: Jamie Williams, CORNERSTONE REALTY & MANAGEMENT SERVICES LLC 352-262-4914 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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