1203 Northwest 12th Avenue
Description
Discover an incredible investment opportunity with this versatile multi-family property, perfectly positioned on a prime corner parcel near the University of Florida and UF Shands Hospital. Officially designated as a triplex, this property currently offers four income-producing units, making it a rare find with significant future use potential for developers. Property Highlights:...Unique Multi-Family Property with Development Potential | 4 Units in a Triplex Designation | Zoned Commercial & Residential
Discover an incredible investment opportunity with this versatile multi-family property, perfectly positioned on a prime corner parcel near the University of Florida and UF Shands Hospital. Officially designated as a triplex, this property currently offers four income-producing units, making it a rare find with significant future use potential for developers. Property Highlights:
Zoning: Commercial and Residential – offering flexible future use and development possibilities. Location: Situated close to UF and Shands, ensuring strong demand for rentals. Income: Consistent year-over-year income growth, with a net income of approximately $50,000 in 2023. 2024 is projected to exceed that figure. Layout & Features:
Unit A: 1 bedroom, 1 bathroom apartment with dual entrances to the kitchen and living room. Unit B: 2 bedroom, 2 bathroom apartment with upgraded features. Unit C: Flexible configuration—currently divided into two 1 bedroom, 1 bathroom apartments (upper and lower levels) with separate entrances. Can be converted back to a 2 bedroom, 2 bathroom unit. Features French doors leading to a private back area. Currently on month to month rental for $3400.00 per month through December 2024, possibly longer for one tenant. Utilities: Three separate GRU electrical meters for Units A, B and C. Water and Sewer for all units are on Unit C's GRU bill. Upgrades: New roof, electrical, and HVAC systems installed in 2019. Amenities: Three sheds on the property—one large and two smaller ones—plus extremely tall privacy fencing that surrounds half of the property. Owner is working on making some minor improvements. Rental Performance: Excellent short-term rental occupancy due to its prime location and updated amenities. Seller Financing: Possible with $400,000 down, 10% interest, and a maximum of 10 years financing. This property is not only an immediate income generator but also a fantastic long-term investment with development potential. Whether you’re looking to expand your portfolio, capitalize on the booming rental market, or explore future development opportunities, this property offers it all. Don’t miss out on this exceptional investment in a high-demand area!
- Listed by Mark Kjeseth • BROXSON REAL ESTATE GROUP
Property Details for 1203 Northwest 12th Avenue
Property Details for 1203 Northwest 12th Avenue
| Status | Active |
|---|---|
| MLS # | GC524845 |
| Days on Market | 108 |
| Taxes | $3,192 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Triplex |
| Year Built | 1941 |
| Lot Size | 0.22 AC / 9,696 SF |
| County | Alachua County |
Building Information for 1203 Northwest 12th Avenue
Property Information for 1203 Northwest 12th Avenue
- Building Area Units: Square Feet
- Directions: From University Ave and NW 13th st, head North to 12th Ave, turn right and triplex will be at the intersection of 12th Ave and 12th St on the right.
- Mls Major Change Type: New Listing
- Major Change Type: New Listing
- Listing Service: Full Service
- Senior Community: No
- Unit Number: No
- Street Number: 1203
- Street Direction Prefix: NW
- Street Name: 12TH
- Street Suffix: AVENUE
- State: FL
- City: GAINESVILLE
- Available For Lease: Yes
- Carport: No
- Garage: No
- Parking Features: Assigned, Driveway, Guest, Off Street
- Association: No
- CDD: No
- Tax Book Number: D-13
- Tax Legal Description: SPRING PARK NO 4 PB D-13 E 74 1/4 FT OF LOT 6 OR 4610/1528
- Tax Lot: 6
- Tax Year: 2023
- Additional Parcels: No
- Lot Features: Corner Lot, Near Public Transit
- Parcel Number: 09496-000-000
- Total Acreage: 0 to less than 1/4
- Total Num Buildings: 1
- Water Access: No
- Water Extras: No
- Zoning: OF
- Living Area: 3006
- Year Built Numeric: 1941
- Flood Zone Code: X
- Flood Zone Date: 06-16-2006
- Flood Zone Panel: 12001C0312D
- Homestead: No
- New Construction: No
- Public Survey Range: 20
- Public Survey Section: 32
- Dock YN: No
- Sewer: Public Sewer
- Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
- Water Source: Public
- Num Electric Meters: 3.0
- Num Water Meters: 1.0
- Construction Materials: Concrete, Wood Frame, Wood Siding
- Exterior Features: Outbuilding, Awning(s), Fenced, French Doors, Private Mailbox, Storage
- Foundation Details: Crawlspace
- Other Structures: Shed(s)
- Patio And Porch Features: Deck, Front Porch, Side Porch
- Pool Private: No
- Pool: None
- Pool Private: No
- Roof: Shingle
- Waterfront Feet Total: 0
- Bedrooms Total: 0
- Appliances: Cooktop, Dishwasher, Disposal, Electric Water Heater, Ice Maker, Range, Refrigerator
- Cooling: Central Air
- Fireplace: No
- Heating: Electric
- Interior Features: Built in Features, Ceiling Fans(s), Eating Space In Kitchen, High Ceiling(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Window Treatments
- Laundry Features: Electric Dryer Hookup, In Kitchen, Inside, Laundry Closet, Other, Upper Floor, Washer Hookup
- Living Area Source: Public Records
- Living Area Units: Square Feet
- Water View: No
- Annual Net Income: $50,000.00
- Est Annual Market Income: $75,000.00
- Gross Income: $68,000
- Unit Count: 4
- Unit Type Baths Total 1: 1
- Unit Type Beds Total 1: 1
- Unit Type Type 1: 1 Bed/1 Bath
- Unit Type Baths Total 2: 2
- Unit Type Beds Total 2: 2
- Unit Type Type 2: 2 Bed/2 Bath
- Unit Type Baths Total 3: 1
- Unit Type Beds Total 3: 1
- Unit Type Type 3: 1 Bed/1 Bath
- Unit Type Baths Total 4: 1
- Unit Type Beds Total 4: 1
- Unit Type Type 4: 1 Bed/1 Bath
Property History for 1203 Northwest 12th Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1203 Northwest 12th Avenue
Schools near 1203 Northwest 12th Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Caroline Beatrice Parker Elementary PublicK to 5 | ||
Westwood Middle School Public6 to 8 | ||
Gainesville High School Public9 to 12 | ||
A.Quinn Jones/Excep.Student Center Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of BROXSON REAL ESTATE GROUP
Based on information from one of the following Multiple Listing Services: Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
