834 E University Avenue

Description

Situated just 0.5 miles from Downtown Gainesville and only 1.5 miles from the University of Florida, University Village is an assemblage of 4 contiguous parcels totaling 1.6 acres, with 5 buildings consisting of 12 well-maintained residential units, as well as a nicely appointed 1807 sq. ft. commercial office building. The property is situated on a signalized corner with 201 ft. of frontage on University Ave. The 2 parcels that face University Ave consist of flexible U4 zoning which allows for up to 20 residential units per acre as well as a multitude of Non-Residential uses, the remaining 2 parcels off NE 9th St. have U-2 zoning which allows up to 15 units per Acre. All residential units are currently under market rate and the properties undeveloped acreage provides a value add opportunity with the ability to add more units. Current gross income is $14,900 per Month. 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