GAINESVILLE, FL 32601 1203 NW 12TH AVENUE

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Presented By: BROXSON REAL ESTATE GROUP with 352-262-0027. - 352-278-4648
  • MLS# GC524845
  • 03/05/2025
  • Request Tour
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  • SQFT • 3,006

Home Details

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!
Presented By: BROXSON REAL ESTATE GROUP with 352-262-0027. - 352-278-4648

Interior Features for 1203 NW 12TH AVENUE

Bedrooms

Total Bedrooms

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior Amenitiesbuilt-in features, ceiling fan(s), eating space in kitchen, high ceilings, living room/dining room combo, primary bedroom main floor, primarybedroom upstairs, solid surface counters, solid wood cabinets, spli
Laundry Featureselectric dryer hookup, in kitchen, inside, laundry closet, other, upper level, washer hookup

General for 1203 NW 12TH AVENUE

Additional Parcels Y/NNo
Appliancescooktop, dishwasher, disposal, electric water heater, ice maker, range, refrigerator
Building Area Unitssquare feet
Carport Y/NNo
Citygainesville
Construction Materialsconcrete, wood frame, wood siding
Coolingcentral air
Countyalachua
Directionsfrom university ave and nw 13th st, head north to 12th ave, turn right and triplex will be at the intersection of 12th ave and 12th st on the right.
DockY/NNo
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
Gross Income68000
HOANo
Heatingelectric
Land Lease Y/NNo
Lease Considered Y/NYes
Legal Descriptionspring park no 4 pb d-13 e 74 1/4 ft of lot 6 or 4610/1528
Listing Termscash, conventional
Living Area Unitssquare feet
Lot Size Square Feet9696
Lot Size Unitssquare feet
MLS Area32601 - gainesville
Minimum Leaseno minimum
ModificationTimestamp2025-05-07t17:30:40.173z
New ConstructionNo
Number Of Units Total4
Other Structuresshed(s)
Ownershipfee simple
Patio/Porch Featuresdeck, front porch, side porch
Property Subtypetriplex
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Namespring park sub
Tax Annual Amount3192
Tax Lot6
Tax Year2023
Utilitiesbb/hs internet available, cable available, electricity connected, phone available, public, sewer connected, water connected
Water Access Y/NNo
Water View Y/NNo
Year Built1941
Zoningof

Exterior for 1203 NW 12TH AVENUE

Exterior Amenitiesoutbuilding, awning(s), fenced, french doors, private mailbox, storage
Foundation Detailscrawlspace
Lot Featurescorner lot, near public transit
Lot Size Acres0.22
Lot Size Area9696
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Water Meters1
Open Parking Y/NYes
Parking Featuresassigned, driveway, guest, off street
Private PoolNo
Road Responsibilitypublic maintained road
Road Surface Typeasphalt
Water Sourcepublic
Waterfront Y/NNo

Additional Details

Price History

Andre LaFountain

Realtor / Coach
Price $719,000
MLS#GC524845
List Date 03/05/2025
Property Type Income
Phone 518.569.7173
Request Tour
Request Info
Visit My Website

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