1203 NW 12TH AVENUE

Alachua, GAINESVILLE

$ 679.000,00

Description

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. 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. Owner is working on making some minor improvements. 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! There are so many possibilities with this gem.

Information

Property Details

Property Code : GC539204
Price : $ 679.000,00
Area : 2995 Sq Ft
Building Area : 2995 Sq Ft
Year of Construction : 1941
Property Category : Single Family Residence

Bedroom : 5
Bathroom : 5
Garage : Uninformed
Available on Market : 06/04/2026
Property Status : Residential Active
New Construction : No

More Information

Pets Allowed: No

Annual Tax: $ 3.976,00

Tax Year: 2025

Air Conditioning: Central Air

Heating: Central, Electric

Public Utility Services: BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected

Water Source: Public

Laundry: Electric Dryer Hookup, In Kitchen, Inside, Laundry Closet, Laundry Room, Washer Hookup

Home Appliances: Disposal, Dryer, Electric Water Heater, Ice Maker, Range, Refrigerator, Washer

Rental use: No Minimum

HOA: /mo

Floor: Ceramic Tile, Luxury Vinyl, Vinyl

Interior: Built-in Features, Ceiling Fan(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Window Treatments