Triplex in the Duckpond Area

An out-of-area Gainesville landlord sold a mixed-occupancy triplex with tenant, roof, and air-conditioning problems.

Duckpond, Gainesville September 2024 Triplex

The property and seller's goal

The owner lived several hours away and was struggling with repairs, turnover, and expenses.

The main obstacle was one vacant unit, one delinquent tenant, and major roof and air-conditioning work.

Property type: Triplex
Condition: Mixed-occupancy investment property with deferred maintenance and major capital needs.
Why the owner sold: The owner lived several hours away and was struggling with repairs, turnover, and expenses.
Biggest challenge: One vacant unit, one delinquent tenant, and major roof and air-conditioning work.
Purchase method: Cash
Closing timeline: 35 days
Closing month: September 2024

The seller exited without coordinating repairs or repeated showings. Occupied units remained while the vacant unit and major systems were addressed.

The documented transaction closed in 35 days.

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