Block Gainesville 3/2

This 3-bedroom, 2-bath concrete-block home has 1,650 square feet on an approximately 10,454-square-foot lot, with a covered carport, city water and sewer, and no pool. The interior has an older kitchen, dated bathrooms, parquet and tile flooring, damaged or unfinished wall and ceiling areas, visible ceiling staining, older mechanical and electrical components, accumulated contents, and heavy exterior overgrowth make this a full renovation.  Good news is we are priced low enough to cover all of these needed renovations, and still have room for profit.

Estimated Repairs Needed

• Remove the remaining contents and debris, cut back overgrown vegetation, and clean up the yard.
• Renovate the kitchen and both bathrooms, including appliances, fixtures, surfaces, and finishes.
• Identify and correct the source of the ceiling staining, replace damaged wall and ceiling materials, and complete interior and exterior paint.
• Repair, refinish, or replace the flooring based on the condition of the parquet, tile, and underlying surfaces.
• Evaluate the roof, HVAC, electrical, plumbing, water heater, and sewer line; repair or replace deficient components.
• Repair weathered exterior materials, doors, windows, trim, covered parking areas, and the deteriorated shed or outbuilding.

Comparable Sales

1. 1215 NE 21st Ave – 0.45 miles away; 4/2, 1,564 square feet; sold March 2026 for $270,000; 14,375-square-foot lot; no pool; no garage or carport; renovated with a quartz kitchen, updated bathrooms, paint, and plumbing. This is the strongest renovated no-pool size match, but it has an extra bedroom and a larger lot.
2. 1714 NE 6th Ter – 0.24 miles away; 3/2, 1,592 square feet; sold June 2026 for $310,000; 11,761-square-foot lot; screened in-ground pool; two-car carport; updated kitchen and bathrooms in retail-ready condition. This is the closest similar-size sale, but its pool is a material superior feature and the full sale price is not carried to the subject.
3. 2134 NW 7th Ter – 0.96 miles away; 3/2, 1,456 square feet; sold May 2026 for $279,000; 7,841-square-foot lot; no pool; no garage or carport, with driveway parking; updated with remodeled bathrooms, flooring, paint, appliances, and a sewer-line improvement. It is smaller and newer, and its location west of North Main Street gives it secondary weight.
4. 1618 NE 15th Ter – 0.74 miles away; 3/2, 1,239 square feet; sold March 2026 for $226,500; 9,148-square-foot lot; no pool; no garage or carport, with driveway parking; updated with newer appliances, exterior paint, roof, and cabinetry. This sale provides a lower bracket because it is substantially smaller and less extensively finished.

ARV & Rental Analysis

Estimated ARV: $275,000 to $290,000 +/-

Estimated Rent: $1,900 to $2,100 per month +/-