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922-924 SW 7TH AVENUE

GAINESVILLE, FL 32601

MLS#: GC543215

$875,000

Status: Active
Listing number: GC543215
Listing provided by: UNIVERSITY REALTY
Listing agent phone: None
Last update: 3 days ago
On site: a month ago
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UNIVERSITY HEIGHTS - Residential Income

Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1947

Sq.Footage

1,530

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 fully leased through July 31, 2027, providing an immediate income-producing opportunity for its next owner.

Features & Amenities

Interior

  • Other Interior Features

    Stone Counters

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    Yes

Exterior

  • Garage

    No

  • Construction Materials

    Concrete, Frame

  • Other Exterior Features

    Other

  • Parking

    Driveway, Off Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.17

  • Lot Size(square feet)

    7,405

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

Price

  • Sales Price

    $875,000

  • Tax Amount

    $8,686

  • Financing Options

    Cash, Conventional

  • Sq. Footage

    1,530

  • Price/SqFt

    $571

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Slab

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    7

  • Water Source

    Public

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Location

County

Alachua

Elementary School

Middle School

High School

Listing Courtesy of Eric Leightman, UNIVERSITY REALTY

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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 fully leased through July 31, 2027, providing an immediate income-producing opportunity for its next owner.

922-924 SW 7TH AVENUE

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