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  • MLS#: GC524845 ( Residential Income )
  • Street Address: 1203 12th Avenue
  • Viewed: 38
  • Price: $679,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1941
  • Bldg sqft: 0
  • Bedrooms: 5
  • Total Baths: 5
  • Days On Market: 373
  • Additional Information
  • Geolocation: 29.6628 / -82.3374
  • County: ALACHUA
  • City: GAINESVILLE
  • Zipcode: 32601
  • Subdivision: Spring Park Sub
  • Provided by: BROXSON REAL ESTATE GROUP
  • Contact: Mark Kjeseth
  • 352-262-0027
  • mfrmls
  • DMCA Notice
  • Description
    Price Improvement! Are you ready to embark on your own STR income journey with a turnkey property and established repeat customers?!! This is your chance!! 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 configurationcurrently 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. 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 propertyone large and two smaller onesplus extremely tall privacy fencing that surrounds half of the property. Rental Performance: Excellent short term rental occupancy due to its prime location and updated amenities. This property is not only an immediate income generator but also a fantastic long term investment with development potential. Whether youre looking to expand your portfolio, capitalize on the booming rental market, or explore future development opportunities, this property offers it all. Dont miss out on this exceptional investment in a high demand area! Call me for a private showing!
Property Features
Appliances
  1. Cooktop
  2. Dishwasher
  3. Disposal
  4. Electric Water Heater
  5. Ice Maker
  6. Range
  7. Refrigerator
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Outbuildings
  2. Awning(s)
  3. Fence
  4. French Doors
  5. Private Mailbox
  6. Storage
Garage Spaces
  1. 0.00
Heating
  1. Electric
Insurance Expense
  1. 0.00
Interior Features
  1. Built-in Features
  2. Ceiling Fans(s)
  3. Eat-in Kitchen
  4. High Ceilings
  5. Living Room/Dining Room Combo
  6. Primary Bedroom Main Floor
  7. PrimaryBedroom Upstairs
  8. Solid Surface Counters
  9. Solid Wood Cabinets
  10. Split Bedroom
  11. Thermostat
  12. Window Treatments
Legal Description
  1. SPRING PARK NO 4 PB D-13 E 74 1/4 FT OF LOT 6 OR 4610/1528
Living Area
  1. 3006.00
Lot Features
  1. Corner Lot
  2. Near Public Transit
Area Major
  1. 32601 - Gainesville
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Other Structures
  1. Shed(s)
Parcel Number
  1. 09496-000-000
Parking Features
  1. Assigned
  2. Driveway
  3. Guest
  4. Off Street
Property Type
  1. Residential Income
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2023
Township
  1. 09
Utilities
  1. BB/HS Internet Available
  2. Cable Available
  3. Electricity Connected
  4. Phone Available
  5. Public
  6. Sewer Connected
  7. Water Connected
Views
  1. 38
Water Source
  1. Public
Year Built
  1. 1941
Zoning Code
  1. OF