We use technical and analytics cookies to ensure that we give you the best experience to our website
+1 646-431-8072
Back to Search

Multi Family 5 bedrooms - SPRING PARK SUB for Sale

1203 NW 12TH, GAINESVILLE, FL 32601

Asking Price$679,000 Change Price$40,000

Share by:
  • Days on market:

    365 day(s)
  • Original Price:

    $800,000
  • Price per sqft:

    $225.88
  • Tax Legal Description:

    SPRING PARK NO 4 PB D-13 E 74 1/4 FT OF LOT 6 OR 4610/1528
  • Tax Year:

    2023
  • Property Type:

    Multi Family
  • Parking:

    DrivewayAssigned GuestOff Street
  • Construction Type:

    Wood SidingWood FrameConcrete
  • Roof:

    Shingle
  • Cooling Description:

    Central Air
  • Heating Description:

    Electric
  • Interior Features:

    Split BedroomBuilt-in FeaturesCeiling Fan(s) Eating Space In Kitchen High Ceilings Living Room/Dining Room Combo Thermostat Window Treatments Solid Surface Counters Solid Wood Cabinets Primary Bedroom Main Floor PrimaryBedroom Upstairs
  • Exterior Features:

    French DoorsAwning(s)StoragePrivate Mailbox FencedOutbuilding
  • Equipment/Appliances:

    DishwasherRefrigeratorDisposalElectric Water HeaterCooktop Ice Maker Range
  • Special Listing Conditions:

    None
  • Lot Features:

    Corner Lot Near Public Transit

Description

$679,000 • five bedroom(s) • living size area 3006 sqft

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 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. 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. 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 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! call me for a private showing!

Similar Properties in this Area

* MLS is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the MLS and is provided here for consumers` personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MLS All rights reserved. Courtesy of One Sotheby's International Realty