517 NW 36TH TERRACE

Under contract-accepting backup offers. ***************************************Property will not qualify for conventional financing****************************** This solid block home is perfectly positioned near the University of Florida, UF Health, the VA Hospital, shopping, dining, and more, making it an excellent opportunity for investors or buyers with vision. Offering 1,152 SF of living area (1,445 SF total), this 3-bedroom, 1-bath home features a Florida room and a small office, providing flexible living space with plenty of potential. The property sits on a .24-acre fully fenced lot, offering room to expand, reconfigure, or create an outdoor oasis. The home does need some renovation and is priced accordingly; however, it is livable in its current condition. The current owners have lived in the home since 1986, reflecting long-term ownership and solid construction. Buyer to note: the seller has installed a new water heater and water lines, the seller replaced old windows throughout the home with new double pane windows, as well as completed some electrical work, all of which were done without permits. The exterior was painted in 2025. Buyer to verify and accept property condition. With the right updates and imagination, this property presents a rare opportunity to create a standout residence or income-producing investment in one of Gainesville’s most desirable and convenient locations. Bring your contractor and your vision! The current owners have owned the home since 1986 and have not replaced the roof; the owners are not sure the age of the roof. The property appraiser's website shows this home as a 2br 1bath. The flex room/office could very easily be used as the 3rd bedroom it does have a small closet area. The home has window ac units the hvac system and the furnace does not work, the roof currently does not leak but it will need be replaced in the near future, the home has cast iron sewer lines.