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31154308

824 E University Ave, Gainesville, FL 32601

TC
FL SI 3360412
Portal Realty
Listed by Portal Realty
$2,200,000
76 days on market
Updated 76 days ago
Opportunity zone

University Village

Details
Property Type Mixed Use, Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 12,008
Units 29
Occupancy 100%
Lease Type Gross
Price per SqFt $183
Year Built 1947
Stories 2
Acreage 1.600
Zoning MU1

Mixed Use | 12,008 SqFt

Marketing description

University Village is a premier 12-unit mixed-use investment opportunity in Gainesville’s Historic Duckpond neighborhood, situated on 1.6 acres just five minutes from the University of Florida. Offered at $2.2 million, the property features flexible mixed-use zoning allows for up to 29 units across the assemblage, with surplus land supporting meaningful future infill expansion. Positioned on a signalized corner with approximately 200 feet of frontage along University Avenue, the property offers exceptional visibility and access. The asset features 11 well-maintained residential units and a professionally finished 1,807-square-foot commercial office building, delivering stable in-place cash flow while preserving additional undeveloped acreage for future expansion. With seller financing available to qualified buyers, the combination of existing income and future density potential makes University Village one of the most compelling investment opportunities in the Gainesville market. Total heated Sq ft of all structures: 12,008 ($183 per Sq Ft. @ asking price) Addresses, Unit mix, & Tax Parcels as follows: 834 E UNIVERSITY AVE (front) vacant office 2/1. (Back/Studio) 1/1 ,Parcel# 11949-000-000 824 E UNIVERSITY AVE Unit A (Front) 2/1, Unit B (Back) 1/1, Unit C (upstairs) 4/1. Back Quadplex all units 1/1, Parcel#: 11948-000-000, 100 NE 9TH ST Unit (A) 3/1, Unit (B) 3/1, Parcel#: 11947-000-000 108 NE 9th ST. 3/2. Parcel#:11944-000-000

Listing Contacts

TC
FL SI 3360412
Portal Realty
Listed by Portal Realty

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Additional Information

Name
Teresa Callen
License
SI 3360412
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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