722 NE 3rd Ave - Apartments FOR SALE


Gainesville, FL 32601- Downtown Gainesville
$1,099,000 USD
352-219-2879
722 NE 3rd Ave, Gainesville, FL for Sale
$1,099,000 USD
Apartments - FOR SALE
1/73
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722 NE 3rd Ave
Gainesville, FL 32601
Downtown Gainesville


OVERVIEW

9 units in the Duck Pond for just $122,111 per unit, fully rented through July 30, 2025! Rare opportunity for an investor to come in and capitalize on a great deal with gross income $112,200/year. Each property is unique and full of character, and most units have beautiful real wood floors with large spacious yards. 722 NE 3rd Ave has four different 2 bed/1 bath units and a new roof as of September 2023. 732 has two large 2 bed/1 bath units with an upgraded mini-split system, and 734 has three cozy but spacious 1 bed/1 bath units, and was re-piped in 2018. Zoned U-2 allowing 15 units/acre, there are multiple open spaces to build on the .69 acre assemblage of 3 different parcels, creating value-add and upgrade opportunities to build additional unit(s) as well as accessory dwelling units. Just 3.5 blocks from the Sweetwater Branch Inn and a half mile from City Hall, this property is in the heart of Gainesville with so much just blocks away! Addresses of the 3 parcels are: 722, 732, and 734 NE 3rd Avenue.

FOR SALE DETAILS

PRICE

$1,099,000 USD

PRICE/SF

$145 USD /SF

# OF UNITS

9

PRICE/UNIT

$122,111

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

722, 732, 734 NE 3rd Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

U-2

APN/PARCEL ID

11877-000-000

ASK ABOUT THIS PROPERTY

Eric LeightmanUniversity RealtyMore Info
352-219-2879

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Eric LeightmanUniversity RealtyMore Info
352-219-2879

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.