$ 1,225,000
Property Attributes
  • MLS#GC521612
  • TypeIncome
  • CountyALACHUA
  • AreaGainesville
  • NeighborhoodUniversity Heights
  • Zip32601
  • StyleTriplex
  • Year Built1946
  • Taxes$ 9027
  • Price$ 1,225,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2868
  • Lot Size0.16 Acres
Data Source:
Stellar MLS
Property Description

Exclusive opportunity to own 3 upgraded properties right by Sorority Row, Shands, Innovation HUB, and just 2.5 Blocks from UF. $92,400 of gross lease income per year, fully rented through July 31, 2025! High density U-5 multi-family zoning, located in the Opportunity Zone, this is a perfect property to hold as a long-term investment with value-add opportunities. 4 bed/2 bath house + 2 duplexes across the street from new Alpha Phi Sorority, and the house is FULLY furnished (everything in photos will come with the property) & designed by professional interior decorator. Upgrades below all occurred 2022-2023. New Roofs, new kitchens w/quartz counters, stainless appliances, and high end finishes, new bathrooms, new flooring throughout, new Paint inside and out, new canned lighting, new electrical (fully updated with new panel and new wiring throughout), new water heaters, new washer/dryers, new Plumbing, new fence, landscaping, and gravel. Seller is licensed real estate agent in Florida.

Price History
5/2/2024 Listed $1,225,000

General Features

Interior Features Ceiling Fan(s),Living Room/Dining Room Combo,Thermostat
Sewer Public Sewer
Heating Central
Cooling Central Air,Mini-Split Unit(s)
Utilities BB/HS Internet Available,Cable Connected,Electricity Available,Public,Sewer Connected,Sprinkler Meter,Water Available
Roof Shingle
Appliances Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer
Exterior Features Fenced,Other
Zoning U-5
Construction Materials Concrete
Pets Allowed Yes
Year Built 1946
Tenant Pays Electricity
Levels One
Property SubType Triplex
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 92400
County Alachua
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Garage Y/N No
Status Active
Directions Going North on SW 13th St take a Right on SW Eighth Ave,then take a Left on SW Tenth St,then a Right on SW Sixth Ave and the house will be on your Right.
ModificationTimestamp 2024-05-09T13:56:25.270Z
Buyer Agent Compensation 3%
Disclosures Lead Paint,Seller Property Disclosure
View Y/N No
Senior Community Y/N No
NumberOfUnitsTotal 3
MLS Area 32601 - Gainesville
Lot Size Units Square Feet
Lot Size Square Feet 6970
Waterfront Y/N No
Carport Y/N No
Land Lease Y/N No
Tax Annual Amount 9027
Ok to Lease 12 Months
Additional Parcels Y/N No
Lease Considered Y/N Yes
Virtual Tour
Days on Market 8
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 6
Legal Description UNIVERSITY HGTS MB 104-10 LOT 6 BK 13 & 5 FT ADJ OR 2919/0342
Water Access Y/N No
Water View Y/N No
Flood Zone Code X

Interior Features

Fireplace Features Family Room
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N Yes
Laundry Features Laundry Closet,Laundry Room
Total Bedrooms 8
LivingAreaSource Public Records
Total Baths 4

Exterior Features

Water Source Public
Lot Size Area 6970
Foundation Details Slab
Number of Buildings 2
Building Area Total 2868
Lot Size Acres 0.16
Road Surface Type Gravel


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 32601

AVG $930K
AVG $8,089
AVG 678
Data Provided by Inside Real Estate®
Year Built
AVG 1954