1022 SW 1ST AVE, GAINESVILLE, FL, 32601
$2,700,000
Residential Income
Bedrooms
20
Bathrooms
14
Living Area
7,966 Sqft
Lot Size
8,023 Sqft
Incredibly rare opportunity to acquire a 6 home, 20 bed assemblage all grouped together in its own “block” only a 1.5 block walk to UF! Insane. Each home has its own parcel (6 parcels) but are all grouped together within it’s own unofficial parcel with no HOA. All 6 homes are already pre-leased thru July 2026 at $938/bed plus furniture and parking fees leaving plenty of room for future rent growth. Tenants pay all utilities. Rent is by the bed. Washer/dryer connections in all units. There are three buildings built in 2009 and three built in 1935 but handsomely updated. Roof ages range from 2003 to 2009. Parental guarantees on all leases. The same owner also owns two other rental homes nearby and details are in the attached marketing package (10 more beds). Cannot be broken up. All 6 houses must be bought together. NOI is proforma. The unit make up is one 3BR/2BA, one 4BR/3BA, one 4BR/2BA, one 5BR/3BA, and two 2BR/2.5BA. Each home ranges in size from 1,050 to 1,706 SF. Professional management in place. Financials available upon a signed confidentiality agreement, ask listing broker.
Property Details
Property Features Property Features
MLS ID: MFRR4909329 Year Built: 1935
Construction Materials: Brick Cooling: Central Air
Country: US County Or Parish: Alachua
Exterior Features: Other Foundation Details: Other
Heating: Electric Laundry Features: Electric Dryer Hookup, Washer Hookup
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional, Other
Property Sub Type: Multi Family Property Type: Residential Income
Road Surface Type: Asphalt Roof: Shingle
Sewer: Public Sewer Showing Requirements: Appointment Only
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Cable Connected, Electricity Connected
Water Source: Public
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