824 SE 1st AvenueGainesville, FL 32601

Description

Three-property multifamily investment opportunity in Gainesville offering eight units across one fourplex and two duplexes. Purchase the full portfolio for $1,035,000, or purchase the properties individually: 824 SE 1st Ave is a fourplex offered at $625,000; 3116 SW 26th Way is a duplex offered at $255,000; and 1504 E University Ave is a duplex offered at $155,000. The properties span downtown, southwest Gainesville, and the East University Avenue corridor. The fourplex and SW 26th Way duplex have received recent capital improvements, while the East University Avenue duplex offers a renovation opportunity. With existing rental income and vacant units available for lease-up, buyers can choose the property that fits their investment plans or acquire all eight units together. Contact the listing agent for the brochure, rent roll, and additional property details.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1978

Living area

2,966 Sq Ft

Lot size

0.32 acres

Lot dimensions

100x138

Ownership

Co-op

Zoning

RMF7

Days on market

34

MLS^® Listing#

GC543835

Property Features

Exterior

None

Cooling

Central Air

Heating

Natural Gas

Laundry

None

Construction

Block

Foundation

Other

Roof

Metal

Utilities

Other

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Annual taxes

$7,432Tax year 2025

Parcel number

12639-000-000

Directions

Driving Directions: From downtown Gainesville, take E University Ave east and turn right onto SE 9th St. Turn right onto SE 1st Ave; the fourplex at 824 SE 1st Ave is on your right. This is a three-property portfolio. The other properties are located at 1504 E University Ave, Gainesville, FL 32641, and 3116 SW 26th Way, Gainesville, FL 32608. Enter each address separately for directions to those sites.