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Bryan Fangman

bryan@precisionapproachrealty.com +1(407) 513-2124

$ 2,700,000

Est. payment -/mo

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1022 SW 1ST AVE Gainesville, FL 32601

20 Beds

14 Baths

7,966 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,966 sqft

Price per Sqft $338

Subdivision Brick House

MLS Listing ID R4909329

Bedrooms 20

HOA Y/N No

Year Built 1935

Annual Tax Amount $21,136

Lot Size 0.500 Acres

Acres 0.5

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

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.

Location

State FL

County Alachua

Community Brick House

Area 32601 - Gainesville

Zoning U5

Interior

Interior Features Other

Heating Electric

Cooling Central Air

Fireplace false

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Exterior Feature Other

Utilities Available Cable Connected, Electricity Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Other

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/R4909329

Listed by BRG REALTY VENTURES

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Average of $2,250 cash back per market prices and commissions.

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Bryan Fangman

Broker / Owner | License ID: BK679904

+1(407) 513-2124

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Bryan Fangman

1022 SW 1ST AVE Gainesville, FL 32601

Key Details

Location

Interior

Exterior

Building

Others

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1022 SW 1ST AVE