Address
1017 SW 1st Avenue # 1-6 Gainesville, FL
Price
$ 1,695,000
Property Attributes
  • MLS#416562
  • TypeMulti-Family
  • CountyALACHUA
  • CityGainesville
  • NeighborhoodNo Subdivision
  • Zip32601
  • Style
  • Price$ 1,695,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6228
Listing Provided Courtesy Of:
Dawn Realty
Property Description

Excellent investment opportunity located in the University Place neighborhood between the University of Florida and downtown Gainesville. This parcel has future zoning of Urban Mixed Use 2 and is designed to encourage redevelopment of the urban core next to the University of Florida with the idea of attracting companies in the technology and life sciences industries to the area. Within walking distance of the urban research park Innovation Square, this property is three blocks to the #1 university in the country for technology spin off- The University of Florida. Nearby uses include research labs, libraries, faculty buildings, classroom space and housing. The current use of the property is a multi-family, single building built in 2000 of 6 townhouse units of 2 bedrooms and 2.5 bathrooms each. This building generates a strong income stream of $99,000 annually with 100% occupancy through the end of July 2019. Annual expenses include $12,708 in property taxes, $2,800 in property insurance, $1,500 in lawn maintenance, $1,080 in pest control, $3,600 in GRU Ethernet service. There are 2 parking spots per unit and the entire property is .29

Elementary School Middle School High School
Finley Elem Kanapaha Middle Gainesville High
Price History
6/29/2018 Listed $1,695,000

Amenities

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

Property vs Zip Code Average in 32601

Price
AVG $650K
$1.7M
Visits
AVG 15
9
Year Built
AVG 1954
2000

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