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27205011
27205035

1022 NW 3rd Ave, Gainesville, FL 32601

MB
FL FL SL625253
Bosshardt Realty Services
EL
FL 3086548
Bosshardt Realty Services
Listed by Bosshardt Realty Services
$1,600,000
254 days on market
Updated 41 days ago

Fully Student Housing Next to University of Florida

Details
APN 13951-000-000, 13972-000-000
Property Type Land, Multifamily
Sub Type Apartment Building, Residential (+1)
Square Footage 8,166
Net Rentable (SqFt) 8,166
Units 9
Beds 19
Cap Rate 6.70%
NOI $106,446
Occupancy 100%
Price per SqFt $196
Class B
Year Built 1995, 2008
Year Renovated 2024,2025
Buildings 3
Stories 3
Acreage 0.600
Zoning U4 & U6
Investment Type Stabilized

100% Fully Leased UF Student Housing Portfolio

Marketing description

An outstanding investment opportunity within walking distance to both Publix and the University of Florida.

This portfolio features three Well-maintained and fully leased multifamily buildings comprising 19 bedrooms, 13 full baths, and 2 half baths, designed to capture strong rental demand in one of Gainesville’s most sought-after locations.

In addition to the existing income-producing units, the offering includes a buildable ±0.12-acre lot, providing the potential for future development and additional rental revenue.

With its prime location less than three minutes from campus, stable income stream, and opportunity for expansion, this portfolio is perfectly positioned for both immediate returns and ong-term growth.

Investment highlights

  • Fully Leased

  • Recently Renovated

  • New Roofs

  • Lot to Build Additional Units

  • Walking Distance to University of Florida & Publix Supermarket

  • 15 On-site Parking Spots. Parking currently is uncharged (VALUE ADD)

Listing Contacts

MB
FL FL SL625253
Bosshardt Realty Services
EL
FL 3086548
Bosshardt Realty Services
Listed by Bosshardt Realty Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$106,446.00
$8,870.50/mo

Valuation Metrics

0
DSCR
6.65%
Cap Rate
6.65%
ROI

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Additional Information

Name
Marlon Bruce
License
FL SL625253
Brokerage
Bosshardt Realty Services, Inc.
Brokerage Phone
3525025407
Title
Commercial Advisor
Brokerage Address
5542 Northwest 43rd Street
Name
Eric Ligman
License
3086548
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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