1203 NW 12th Ave Gainesville, FL

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Nw Th Ave, Gainesville, Home For Sale

Price: $800,000
Address: 1203 NW 12th Ave
City: Gainesville
State: FL
Zip:
Bathrooms: 5
Bedrooms: 5
Fee: No
Provided By: RealtyWW

Description:

Unique Multi-Family Property with Development Potential | 4 Units in a Triplex Designation | Zoned Commercial and Residential Discover an 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, with a net income of approximately $50, 000 in 2023. 2024 is projected to exceed that figure. Layout and 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.

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