1022 SW 1ST AVE new Save Request In-Person Tour Request Virtual Tour
Gainesville,FL 32601
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,966 sqft
Price per Sqft $338
Subdivision Brick House
MLS Listing ID R4909329
Bedrooms 20
HOA Y/N No
Originating Board Stellar MLS
Year Built 1935
Annual Tax Amount $21,136
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Multi Family
Property Description
Incredibly rare opportunity to acquire a 6 home, 20 bed assemblage all grouped together in its own “block” only a 1.5 block walk to UF! Insane. Each home has its own parcel (6 parcels) but are all grouped together within it's own unofficial parcel with no HOA. All 6 homes are already pre-leased thru July 2026 at $938/bed plus furniture and parking fees leaving plenty of room for future rent growth. Tenants pay all utilities. Rent is by the bed. Washer/dryer connections in all units. There are three buildings built in 2009 and three built in 1935 but handsomely updated. Roof ages range from 2003 to 2009. Parental guarantees on all leases. The same owner also owns two other rental homes nearby and details are in the attached marketing package (10 more beds). Cannot be broken up. All 6 houses must be bought together. NOI is proforma.
The unit make up is one 3BR/2BA, one 4BR/3BA, one 4BR/2BA, one 5BR/3BA, and two 2BR/2.5BA. Each home ranges in size from 1,050 to 1,706 SF. Professional management in place. Financials available upon a signed confidentiality agreement, ask listing broker.
Location
State FL
County Alachua
Community Brick House
Area 32601 - Gainesville
Zoning U5
Interior
Interior Features Other
Heating Electric
Cooling Central Air
Fireplace false
Laundry Electric Dryer Hookup,Washer Hookup
Exterior
Exterior Feature Other
Utilities Available Cable Connected,Electricity Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Other
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/R4909329