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Sold

313 NE 8TH AVENUE

313 NE 8TH AVE, GAINESVILLE, FL 32601

$850,000
This income-producing property, located within the sought-after Historic Duckpond district, comprises three contiguous parcels with a total of four buildings. Situated at the corner of 8th Ave and 4th St, this property is strategically positioned just 0.5 miles from Downtown and a mere 1.4 miles from UF.

The property boasts six well-maintained 2-bedroom, 1-bath units, with the majority of these units having undergone kitchen remodels. Additionally, these units feature elegant hardwood floors, inviting living rooms complete with fireplaces, separate dining areas, as well as screened-in and enclosed porches.

Currently, the property is fully occupied, with several long-term tenants in place. Four out of the six units have been remodeled, enhancing their appeal. Notably, all residential units are currently rented at rates below market value, presenting the opportunity for increased rental income through rate adjustments. Current Monthly Gross Income is $6,750. Rents range from $850-$1600 per month.

This property's prime location offers easy access to various amenities and institutions, including UF, downtown Gainesville, Shands Hospital, the VA Hospital, numerous dining options, shopping centers, and more. Furthermore, it is situated only steps away from prominent landmarks such as the Historic Thomas Center, Roper Park, and downtown Gainesville.

As a reminder, please refrain from disturbing the existing tenants, and seize this opportunity to become the owner of a property in the highly desirable Duckpond area.

12
beds

6
baths

3,566 Sq.Ft. LIVING AREA

6,969.6 Sq.Ft. lot

Dawn Johnson

Dawn Johnson

Features & Amenities

Interior

  • total bedrooms12
  • Total bathrooms6
  • KITCHEN Dryer, Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator, Washer
  • Laundry room Outside
  • Flooring Ceramic Tile, Tile, Wood
  • Fireplace Wood Burning
  • other interior Features Ceiling Fans(s), Master Bedroom Upstairs, Thermostat, Window Treatments

Area & Lot

  • Status Sold
  • Living Area3,566 Sq.Ft.
  • Lot Area6,969.6 Sq.Ft.
  • MLS® IDGC516488
  • TypeMulti-Family
  • YEAR BUILT1937
  • Elementary SchoolW. A. Metcalfe Elementary School-AL
  • Middle SchoolWestwood Middle School-AL
  • High SchoolGainesville High School-AL

Exterior

  • STORIES1
  • water SourcePublic
  • utilitiesBB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
  • roofShingle
  • lot featuresCorner Lot, Historic District, City Limits, Landscaped, Near Public Transit, Sidewalk, Paved
  • parkingCurb Parking, Driveway, On Street, Open, Under Building
  • HEAT TYPEElectric
  • AIR CONDITIONINGCentral Air, Wall/Window Unit(s)
  • sewerPublic Sewer
  • SubstructureBrick/Mortar, Crawlspace
  • other exterior FeaturesFrench Doors, Sidewalk

Financial

  • Sales Price$850,000
  • Real Estate Tax $7,889/yr
  • Zoning RSF3

Work With Us

We look forward to helping you navigate your way through our "little big town" and find a property and area to enhance your way of life and enjoy Gainesville to its fullest. Contact us today!

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