$1,980,000
Active · 0 days on market · MLS# MFRGC535508
| Bedrooms | 24 |
|---|---|
| Living area | 10,092 sq ft |
| Lot size | 1.13 acres |
| Year built | 1973 |
| Property type | Multi Family |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $14,728 |
| County | Alachua |
Twelve-unit apartment complex located within walking and biking distance of University of Florida south campus. This property has a very high occupancy rate given its location near the University of Florida and the Butler Town Center shopping area. The property is located on 1.13 acres behind the UF Hilton Hotel. The current owner utilizes one unit as a BNB, that brings in great income from researchers working at the University of Florida. This property provides instant income while providing a redevelopment opportunity for the right developer/investor. The property has the City of Gainesville U-9 zoning which allows 100 units per acre and 6 stories by right. The owners have owned the property for over 40 years with grounds around the apartment functioning as a butterfly sanctuary.
Listing courtesy of Ralph Hilliard, COLDWELL BANKER M.M. PARRISH REALTORS. Presented by MC Homes Realty Inc · 727432218.