1203 NW 12TH AVE Gainesville, FL 32601
5 Beds
5 Baths
2,995 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,995 sqft
Price per Sqft $208
Subdivision Spring Park Sub
MLS Listing ID GC539204
Bedrooms 5
Full Baths 5
HOA Y/N No
Year Built 1941
Annual Tax Amount $3,976
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
incredible investment opportunity with this versatile multi-family property, perfectly positioned on a prime corner parcel near the University of Florida and UF Shands Hospital. Officially designated as a triplex, this property currently offers four income-producing units, making it a rare find with significant future use potential for developers. Property Highlights: Zoning: Commercial and Residential – offering flexible future use and development possibilities. Location: Situated close to UF and Shands, ensuring strong demand for rentals. Income: Consistent year-over-year income growth. Layout & Features: Unit A: 1 bedroom, 1 bathroom apartment with dual entrances to the kitchen and living room. Unit B: 2 bedroom, 2 bathroom apartment with upgraded features. Unit C: Flexible configuration—currently divided into two 1 bedroom, 1 bathroom apartments (upper and lower levels) with separate entrances. Can be converted back to a 2 bedroom, 2 bathroom unit. Features French doors leading to a private back area. Utilities: Three separate GRU electrical meters for
Units A, B and C. Water and Sewer for all units are on Unit C's GRU bill. Upgrades: New roof, electrical, and HVAC systems installed in 2019.
Amenities: Three sheds on the property—one large and two smaller ones—plus extremely tall privacy fencing that surrounds half of the property.
Owner is working on making some minor improvements. Rental Performance: Excellent short-term rental occupancy due to its prime location and updated amenities. This property is not only an immediate income generator but also a fantastic long-term investment with development potential. Whether you're looking to expand your portfolio, capitalize on the booming rental market, or explore future development opportunities, this property offers it all. Don't miss out on this exceptional investment in a high-demand area! There are so many possibilities with this gem.
Location
State FL
County Alachua
Community Spring Park Sub
Area 32601 - Gainesville
Zoning OF
Interior
Interior Features Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Window Treatments
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile, Luxury Vinyl, Vinyl
Furnishings Negotiable
Fireplace false
Appliance Disposal, Dryer, Electric Water Heater, Ice Maker, Range, Refrigerator, Washer
Laundry Electric Dryer Hookup, In Kitchen, Inside, Laundry Closet, Laundry Room, Washer Hookup
Exterior
Exterior Feature Awning(s), French Doors, Lighting, Private Entrance, Private Mailbox, Private Yard, Storage
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level Two
Foundation Block, Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Cedar,Concrete,Frame,Wood Siding
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/GC539204
