1615 NW 3rd Ave - Apartments FOR SALE


Gainesville, FL 32603- Midtown Gainesville
$2,800,000 USD
352-665-9731
1615 NW 3rd Ave, Gainesville, FL for Sale
$2,800,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

1615 NW 3rd Ave
Gainesville, FL 32603
Midtown Gainesville


OVERVIEW

College Park multifamily investment opportunity just steps from the University of Florida. This 13,244 SF property on 0.38 acres, comprising 21 rentable units across multiple buildings, is income-producing. Located near Midtown and University Avenue with on-site parking, the property offers strong value-add potential through renovation, repositioning, or redevelopment in one of Gainesville’s most desirable rental markets.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

21

PRICE/UNIT

$133,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1936

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

RMU

APN/PARCEL ID

15032-000-000

ASK ABOUT THIS PROPERTY

Perry PursellColdwell Banker Commercial M.M. Parrish, RealtorsMore Info
352-665-9731

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Perry PursellColdwell Banker Commercial M.M. Parrish, RealtorsMore Info
352-665-9731

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.