Contact
Tell us about your needs

1203 NW 12TH AVENUE

Multi-family For Sale
$800,000

BTC: 8.02407302

ETH: 238.09523810

108 days
0 room(s)
3,006 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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!

Location

Facts and features

Type:
Residential Income
Parking:
Assigned / Driveway / Guest / Off Street
Year Built:
1941
Lot:
0.22 Acres
Heating:
Electric
Price/sqft:
$266
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Heating

    • Electric

    Cooling

    • Central Air

    Appliances

    • Cooktop

    • Dishwasher

    • Disposal

    • Electric Water Heater

    • Ice Maker

    • Range

    • Refrigerator

    Other interior features

    • Built-in Features

    • Ceiling Fan(s)

    • Eating Space In Kitchen

    • High Ceilings

    • Living Room/Dining Room Combo

    • Primary Bedroom Main Floor

    • PrimaryBedroom Upstairs

    • Solid Surface Counters

    • Solid Wood Cabinets

    • Split Bedroom

    • Thermostat

    • Window Treatments

  • Parking

    • Assigned

    • Driveway

    • Guest

    • Off Street

    Property

    • Exterior Features: Outbuilding / Awning(s) / Fenced / French Doors / Private Mailbox / Storage

    Lot

    • Lot: 0.22 Acres

    Other Property Information

    • Parcel Number: 09496000000

    • Zoning: OF

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Electricity Connected

    • Phone Available

    • Public

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $3,192

  • Source details

    • MLS ID: GC524845

    Other facts

    • Construction Materials: Concrete / Wood Frame / Wood Siding

    • Foundation Details: Crawlspace

    • Laundry Features: Electric Dryer Hookup / In Kitchen / Inside / Laundry Closet / Other / Upper Level / Washer Hookup

    • Lot Features: Corner Lot / Near Public Transit

    • Patio And Porch Features: Deck / Front Porch / Side Porch

    • Other Structures: Shed(s)

    • Living Area: 3006

    • Water Source: Public

    • Subdivision Name: SPRING PARK SUB

Similar Homes

2021 NW 15TH AVENUE placeholder 2021 NW 15TH AVENUE
11 days
For Sale
House
$565,000
4 bds 3 ba 2,844 sqft
2021 NW 15TH AVENUE
9 NW 24TH STREET placeholder 9 NW 24TH STREET
30 days
For Sale
House
$849,000
7 bds 5 ba 2,434 sqft
9 NW 24TH STREET
2211 NW 27TH TERRACE placeholder 2211 NW 27TH TERRACE
31 days
For Sale
House
$699,000
4 bds 3 ba 2,870 sqft
2211 NW 27TH TERRACE
3101 OLD ARCHER ROAD UNIT 619 placeholder 3101 OLD ARCHER ROAD UNIT 619
+$95K (2024/11/23)
For Sale
Condo/Co-op
$857,247
2 bds 3 ba 1,559 sqft
3101 OLD ARCHER ROAD UNIT 619
3101 OLD ARCHER ROAD UNIT 406 placeholder 3101 OLD ARCHER ROAD UNIT 406
+$51K (2024/11/23)
For Sale
Condo/Co-op
$839,978
3 bds 3 ba 1,826 sqft
3101 OLD ARCHER ROAD UNIT 406
3101 OLD ARCHER ROAD UNIT 413 placeholder 3101 OLD ARCHER ROAD UNIT 413
+$72K (2024/11/26)
For Sale
Condo/Co-op
$653,998
2 bds 2 ba 1,204 sqft
3101 OLD ARCHER ROAD UNIT 413
3101 OLD ARCHER ROAD UNIT 320 placeholder 3101 OLD ARCHER ROAD UNIT 320
+$129K (2024/11/23)
For Sale
Condo/Co-op
$790,300
2 bds 2 ba 1,396 sqft
3101 OLD ARCHER ROAD UNIT 320
1008 NW 13TH STREET placeholder 1008 NW 13TH STREET
55 days
For Sale
Commercial
$990,000
0 room(s) 1,715 sqft
1008 NW 13TH STREET

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: BROXSON REAL ESTATE GROUP