722, 732, 734 Ne 3rd Avenue, Gainesville, FL 32601

$1,199,000
15
BD
7,558
SqFt
List Price
$1,199,000
Status
Active
Days on Market
9
MLS#
GC523600
Property Style
Multi-Family
Year Built
1930
Bedrooms
15
Living Area
7,558
Lot Size
30,055
Acres
0.69
Total Acreage
1/2 to less than 1
Legal Subdivision Name
Doig & Robertson
MLS Area Major
Gainesville

Property Description

9 units in the Duck Pond for just $133,222 per unit, fully rented through July 30, 2025! Rare opportunity for an investor to come in and capitalize on a great deal. Each property is unique and full of character, and most units have beautiful real wood floors with large spacious yards. 722 NE 3rd Ave has four different 2 bed/1 bath units and a new roof as of September 2023. 732 has two large 2 bed/1 bath units with an upgraded mini-split system, and 734 has three cozy but spacious 1 bed/1 bath units, and was re-piped in 2018. Zoned U-2 allowing 15 units/acre, there are multiple open spaces to build on the .69 acre assemblage of 3 different parcels, creating value-add and upgrade opportunities to build additional unit(s) as well as accessory dwelling units. Just 3.5 blocks from the Sweetwater Branch Inn and a half mile from City Hall, this property is in the heart of Gainesville with so much just blocks away!

Additional Information

Taxes
$13730
Annual Gross Income
112200
Community Features
No Deed Restriction
Zoning
U-2
Interior Layout
Ceiling Fans(s)
Interior Features
Ceiling Fans(s)
Utilities
BB/HS Internet Available, Cable Available, Electricity Available, Sewer Available, Water Available
Heating
Gas, Other
Air Conditioning
Mini-Split Unit(s), Wall/Window Unit(s)
Fireplace
Yes
Exterior Construction
Concrete, Wood Frame, Wood Siding
Exterior Features
Lighting, Other
Roof
Metal, Shingle
Foundation
Slab
Pool
No Pool
Flood Zone Code
X
Parcel ID
11877-000-000
Legal Description
(1) DOIG/ROBERTSON ADD DB N-486 LOT 9 BK 1 RG 1 OR 3970/0552, DOIG & ROBERTSON BLKS 1&2 RGES 1&2, (2) DOIG/ROBERTSON ADD DB N-486 LOT 10 BK 1 RG 1 (LESS THE S 85 FT PER OR 1941/513) OR 3970/0552, (3) THE S 85 FT OF LOT 10 BLK 1 RG 1 OF DOIG & ROBERTSON ADDN TO GAINESVILLE DB N-486 OR 3970/0552

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of UNIVERSITY REALTY.

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