922 SW 7th Ave - Apartments FOR SALE


Gainesville, FL 32601- Innovation District | 
$949,000 USD
352-219-2879
922 SW 7th Ave, Gainesville, FL for Sale
$949,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

922 SW 7th Ave
Gainesville, FL 32601
Innovation District


HIGHLIGHTS

  • Just 2 Blocks from the University of Florida
  • Fully Remodeled Duplex with Two 2BR/1BA Units
  • 17 Parking Spaces + U9 Zoning

OVERVIEW

Great investment opportunity just 2 blocks from UF with 2 different two-bedroom properties AND 17 parking spaces! The property has the best high-density multi-family U-9 zoning. It is NOT zoned historic and it IS on the Enterprise Zone, both which are advantages for future development. The back parking area can either collect income or it can be developed in the future for another building to be added on. This duplex features two separate FULLY remodeled units. Each residence features an updated kitchen with granite countertops, modern cabinetry and appliances, a renovated bathroom, and a full-size LG front-loading washer and dryer. Additional remodeled features include luxury vinyl plank flooring, custom millwork, double-pane energy-efficient windows, upgraded blinds, LED lighting and ceiling fans. The owner also updated the property with the following: plumbing and electrical system updates, blown-in insulation, fresh interior and exterior paint, a 2020 roof, 2019 HVAC and a 2020 water heater. This parcel is turn-key and has it all, whether you are a Gator parent looking for your student, or an investor looking for a long-term hold, or both. The property is leased through July 31, 2027, providing an immediate income-producing opportunity for its next owner.

FOR SALE DETAILS

PRICE

$949,000 USD

PRICE/SF

$605 USD /SF

# OF UNITS

2

PRICE/UNIT

$474,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,463 SF

ZONING

Multi Family U9

APN/PARCEL ID

13169-000-000

ASK ABOUT THIS PROPERTY

Eric LeightmanUniversity RealtyMore Info
352-219-2879

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Eric LeightmanUniversity RealtyMore Info
352-219-2879

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