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For sale
  • Price cut: $40K (7/8)
    $679,000

    1203 NW 12th Ave, Gainesville, FL 32601

    5beds
    5baths
    3,006sqft
    : 
    Triplex, Multi Family
    Built in 1941
    -- sqft lot
    $-- Zestimate®
    $226/sqft
    $-- HOA

    What's special

    Corner parcel
    Price Improvement! Are you ready to embark on your own STR income journey with a turnkey property and established repeat customers?!! This is your chance!! 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. 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. Rental Performance: Excellent short-term rental occupancy due to its prime location and updated amenities. 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! Call me for a private showing!
    340 days
    on Zillow
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    536
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    32
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    Zillow last checked: 7 hours ago

    Listing updated: July 08, 2025 at 12:37pm

    Listing Provided by:

    Mark Kjeseth 352-949-6677,

    BROXSON REAL ESTATE GROUP 352-505-7654

    Source: Stellar MLS,MLS#: GC524845MLS LogoOriginating MLS: Gainesville-Alachua

    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1203 NW 12th Ave.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    Heating
    • Electric
    Cooling
    • Central Air
    Appliances
    • Included: Cooktop, Dishwasher, Disposal, Electric Water Heater, Ice Maker, Range, Refrigerator
    • Laundry: Electric Dryer Hookup, In Kitchen, Inside, Laundry Closet, Other, Upper Level, Washer Hookup
    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
    • Doors: French Doors
    • Windows: Window Treatments
    • Has fireplace: No
    Interior area
    • Total interior livable area: 3,006 sqft

    Property

    Parking
    • Parking features: Assigned, Driveway, Guest, Off Street
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Deck, Front Porch, Side Porch
    • Exterior features: Awning(s), Private Mailbox, Storage
    • Fencing: Fenced
    Lot
    • Size: 9,696 Square Feet
    • Features: Corner Lot, Near Public Transit
    Details
    • Additional structures: Shed(s), Outbuilding
    • Parcel number: 09496000000
    • Zoning: OF
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex, Multi Family
    Materials
    • Concrete, Wood Frame, Wood Siding
    • Foundation: Crawlspace
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1941

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Subdivision: SPRING PARK SUB
    HOA
    • Has HOA: No
    • Pet fee: $0 monthly
    Location
    • Region: Gainesville

    Financial & listing details

    • Price per square foot: $226/sqft
    • Tax assessed value: $222,990
    • Annual tax amount: $3,192
    • Date on market: 9/5/2024
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Asphalt
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