1017 SW 1st Avenue

    Gainesville, FL 32601
    • $1,695,000
    • STATUS: Active
    • ON SITE: 95 days
    • MLS #: 416215
    UPDATED: 61 min ago
    $1,695,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,228
      SQFT
    • $272
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2000
    County:
    Area:

    School Ratings & Info

    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 of an acre. Please do not disturb tenants. Showings by appointment only and to qualified buyers.

    Monthly Payment Calculator



    © 2018 Gainesville MLS, Inc. All Rights Reserved. Information deemed reliable but not guaranteed.The Broker Reciprocity logo designates real estate listings held by a brokerage firm other than Florida Homes Realty & Mortgage. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2018-09-24T14:07:35.09.
    www.locategainesvillehomes.com/homes/84850203

    1017 SW 1st Avenue Gainesville, FL 32601

    • Price: $1,695,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 416215
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    6,228
    SQFT
    $272
    $/SQFT
    2000
    Built
    Neighborhood:
    Alachua
    County:
    Alachua
    Area:
    Alachua
    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 of an acre. Please do not disturb tenants. Showings by appointment only and to qualified buyers.
    Exterior Features

    Construction Type Frame Location Commercial/Office Park Roof Shingle - Asphalt

    Interior Features

    Ceiling Height Under 10 Feet Heating And Cooling Central H/C Electric

    Property Features

    Annual Operating Expense 21688 Assessments Due None Bank Owned YN No Business Name Gainesville Palms Condo Class Commercial Condition (Oth)Other Docs Available Copy Of LeasePlat MapProperty Disclosure Docs In Mls None Existing Financing 1st Mortgage Existing Lease Terms 1 YearCurrently Leased Expenses Include Property InsuranceTaxes/Real Estate Flood Zone Not Within A Gross Sch Annual Income 99000 Legal Description Units 12345 And 6 Of Gainesville Palms Condominium And All Common Ares Or 3007/1059-1103 Occupancy 95+ Pct Occupied Parking 6-15 Spaces Possible Use OfficePossible Investment PropResidential/MultiOther Present Use Residential/Multi Railroad Service No Rail Service Sale Includes BuildingLand Short Sale YN No Source Of Info Owner Provided Sub Type Condo/Pud Terms New Finance Req. Utilities CableCity SewerCity WaterElectricityHigh Speed InternetNatural Gas

    Listing information © 2018 Gainesville MLS.
    Listing provided courtesy of Dawn Realty.


    © 2018 Gainesville MLS, Inc. All Rights Reserved. Information deemed reliable but not guaranteed.The Broker Reciprocity logo designates real estate listings held by a brokerage firm other than Florida Homes Realty & Mortgage. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2018-09-24T14:07:35.09.
     
    Florida Homes Realty & Mortgage
    6216 NW 43rd Street, Building 3A
    Gainesville FL, 32653