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712 SW 70TH TERRACE, Gainesville, FL, 32607

8beds
4baths
4,278sqft
$440,000
$103price/sqft
$3,334/moest. monthly cost
$133,360/yrincome needed

About This Home

Renovated and cash-flowing brick quadruplex for sale with strong occupancy history! All units are 2BD/1BA flats with open layouts and 713+/- sqft of living space. In-place rents: Unit A - Office/Storage, Unit B - $1,100, Unit C - $1,100, Unit D - $1,175. All units have updates including: kitchens and bathrooms, new fixtures, vinyl plank/tile flooring, and porch areas. Tenants pay all utilities. 2022 asphalt shingle roof, newer HVACs. Electric is copper wire with cutler hammer and square D breakers. Main plumbing drains are PVC. Plumbing supply lines are mainly copper with a few instances of CPVC in good condition with operable shutoff valves. Located at the front of the Cedar Ridge subdivision of Gainesville, FL; within 5 miles of the Oaks Mall, University of Florida, HCA North Florida Hospital, as well as several shopping centers & other amenities. This quad is being offered for sale along with 2 additional quadruplexes and 1 duplex in the same subdivision (724 SW 68th Ter, 723 SW 69th St, and 714 SW 69th St). Buildings can be purchased individually or as portfolio. Marketing package linked with information on all buildings. If you’re looking for a renovated, stabilized, and cash-flowing investment this is your opportunity! Call today to schedule a tour!

Getting Around

10
WalkingCar-Dependent
0
TransitVery Limited Transit
48
BikeSomewhat Bikeable

Schools

7/10
6/10

Construction

Condition

  • Year built: 1980

Materials

  • Foundation: Slab
  • Roof: Shingle
  • Construction materials: Block

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex,Multi Family

Interior

Appliances

  • Laundry features: Other

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 4

Features

  • Other

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 4,278 sqft

Property

Details

  • Parcel number: 06655052005
  • Zoning: R-3
  • Special condition: None

Features

  • Exterior features: None

Lot

  • Lot size: 10,019 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningRelatively High
  • Hurricane
    HurricaneModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Lightning
Hurricane
Strong Wind
Tornado

FEMA Declared Disasters in Alachua County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,224$26,688
Home Insurance *$317$3,804
Property Taxes $363$4,356
Electricity $430$5,166
Total$3,334$40,008
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$114,308/yr
40% on housing$100,020/yr
45% on housing$88,906/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 16.2%
16.2%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 2.6%
2.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$103This listing

vs Other Active Listings

Avg $/sqft

ZIP 32607$162
Alachua County$186

vs Homes Sold Last Month

Median $/sqft

ZIP 32607$219
Alachua County$194

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-13Pending sale$440,000
2026-07-23Listed for sale$440,000
2023-06-12Sold$1,085,000
2023-04-11Pending sale$1,300,000
2023-03-06Listed for sale$1,300,000
2001-06-05Sold$72,100
1999-12-09Sold$65,000
1996-09-04Sold$39,000

For Sale by Agent

AgentJoe Klenck
BrokerageTHE MULTIFAMILY ADVISORS

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