$1,295,000
Pending · 24 days on market · MLS# MFRGC536926
| Bedrooms | 0 |
|---|---|
| Living area | 2,857 sq ft |
| Lot size | 0.27 acres |
| Year built | 1933 |
| Property type | Duplex |
| Garage spaces | 2 |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $13,093 |
| County | Alachua |
Under contract-accepting backup offers. Incredible income-producing investment in a prime UF location. This unique property features two separate rental structures plus 15 income-generating parking spaces, offering immediate and diversified cash flow. The main residence is a remodeled 5-bedroom, 2-bath, two-story home with refinished hardwood floors and classic character. It is leased through July 2027, providing long-term stability. The second structure is an oversized one-bedroom apartment, also fully leased through July 2026, with a garage below that offers excellent potential for future conversion or expansion. In addition to the residential income, the property includes nine separately leased parking spaces generating monthly revenue, while the main house and apartment are supported by six additional dedicated parking spaces. With U-5 zoning, there is significant upside for redevelopment or increased density. Ideally located across from Midtown Park Eatery, just steps from Sorority Row, and The Swamp Restaurant, this property sits in one of the most desirable and high-demand areas near the University of Florida. Immediate income, upside potential, and an unbeatable location—opportunities like this are rare.
Listing courtesy of Jamie Williams, CORNERSTONE REALTY & MANAGEMENT SERVICES LLC. Presented by MC Homes Realty Inc · 727432218.