1203 NW 12th Avenue
Gainesville, FL 32601
- – beds
- – baths
- 3,006 sqft
- 9,696 sqft lot
- $266 per sqft
- 1941 build
- – on site
Unique Multi-Family Property with Development Potential | 4 Units in a Triplex Designation | Zoned Commercial & 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 & 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. Currently on month to month rental for $3400.00 per month through December 2024, possibly longer for one tenant. 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. Seller Financing: Possible with $400,000 down, 10% interest, and a maximum of 10 years financing. 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!
Last checked:
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Checking…
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Last updated Nov 8, 2024
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MLS# GC524845 —
The Building
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Year Built:1941
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New Construction:false
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Construction Materials:Concrete
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Roof:Shingle
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Foundation Details:Crawlspace
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Patio And Porch Features:Deck
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# of Buildings:1
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Building Area Units:Square Feet
Interior
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Interior Features:Built-in Features
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Fireplace:false
Room Dimensions
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Living Area:3006
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Living Area Units:Square Feet
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Living Area Source:Public Records
Location
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Directions:From University Ave and NW 13th st, head North to 12th Ave, turn right and triplex will be at the intersection of 12th Ave and 12th St on the right.
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Latitude:29.662768
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Longitude:-82.337402
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Coordinates:-82.337402, 29.662768
The Property
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Parcel Number:09496000000
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Property Type:Residential Income
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Property Subtype:Triplex
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Lot Features:Corner Lot
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Lot Size Acres:0.22
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Lot Size Area:9696
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Lot Size SqFt:9696
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Lot Size Units:Square Feet
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Total Acres:0 to less than 1/4
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Zoning:OF
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View:false
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Exterior Features:Outbuilding
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Water Source:Public
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Road Responsibility:Public Maintained Road
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Road Surface Type:Asphalt
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Flood Zone Code:X
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Flood Zone Panel:12001C0312D
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Additional Parcels:false
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Homestead:false
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Lease Restrictions:false
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (352) 949-6677
- Office phone:
- (352) 262-0027
Taxes
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Tax Year:2023
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Tax Lot:6
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Tax Legal Description:SPRING PARK NO 4 PB D-13 E 74 1/4 FT OF LOT 6 OR 4610/1528
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Tax Book Number:D-13
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Tax Annual Amount:3192
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Electric
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:BB/HS Internet Available
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Sewer:Public Sewer
Appliances
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Appliances:Cooktop
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Laundry Features:Electric Dryer Hookup
The Community
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Subdivision Name:SPRING PARK SUB
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Senior Community:false
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Water View:false
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Water Access:false
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Waterfront:false
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Pool Private:false
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Association:false
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Ownership:Fee Simple
Parking
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Garage:false
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Carport:false
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Open Parking:true
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Parking Features:Assigned
Extra Units
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Other Structures:Shed(s)
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# of Units Total:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/5/24
Sep 5, 2024
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Listed / Active | STELLAR_MLS | $800,000 | 515.4% (83.2% / YR) |
|
6/28/18
Jun 28, 2018
|
STELLAR_MLS | $130,000 |
