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824 E University Avenue, Gainesville, FL 32601

$2,200,000

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Property Description

University Village is a premier 12-unit mixed-use investment opportunity in Gainesville's Historic Duckpond neighborhood, situated on 1.6 acres just five minutes from the University of Florida.Offered at $2.2 million, the property features flexible mixed-use zoning allows for up to 29 units across the assemblage, with surplus land supporting meaningful future infill expansion.Positioned on a signalized corner with approximately 200 feet of frontage along University Avenue, the property offers exceptional visibility and access.The asset features 11 well-maintained residential units and a professionally finished 1,807-square-foot commercial office building, delivering stable in-place cash flow while preserving additional undeveloped acreage for future expansion.With seller financing available to qualified buyers, the combination of existing income and future density potential makes University Village one of the most compelling investment opportunities in the Gainesville market. Total heated Sq ft of all structures: 12,008 ($183 per Sq Ft. @ asking price) Addresses, Unit mix, & Tax Parcels as follows: 834 E UNIVERSITY AVE (front) vacant office 2/1. (Back/Studio) 1/1 ,Parcel# 11949-000-000 824 E UNIVERSITY AVE Unit A (Front) 2/1, Unit B (Back) 1/1, Unit C (upstairs) 4/1. Back Quadplex all units 1/1, Parcel#: 11948-000-000, 100 NE 9TH ST Unit (A) 3/1, Unit (B) 3/1, Parcel#: 11947-000-000 108 NE 9th ST. 3/2. Parcel#:11944-000-000

824 E University Avenue | MLS# GC538545

This single family home located at 824 E University Avenue, Gainesville, FL 32601 is currently listed for sale with an asking price of $2,200,000. This property was built in 1947 and has 19 bedrooms and 12 full baths with 12008 sq. ft. E University Avenue is located in the GAINESVILLE DOIG & ROBERTSON subdivision. Search GAINESVILLE DOIG & ROBERTSON real estate on knoel.watsonrealtycorp.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air
Fenced: Yes
Heating: Heat Pump, Natural Gas
Lot Size: 1.60 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $14,435
Year Built: 1947
Square Feet: 12,008

Amenities

Cathedral Ceiling(s)
Ceiling Fans(s)
Crown Molding
In Wall Pest System
Primary Bedroom Main Floor
Thermostat
Vaulted Ceiling(s)
Balcony
Courtyard
Lighting
Sidewalk
Storage

Feature Descriptions

Appliances: Range, Washer
Directions: NE corner of E University Ave and NE 9th Street
Exterior: Frame
Fencing: Wood
Fireplace: Living Room
Fireplace Y/N: Yes
Flood Zone Code: X
Flooring: Tile, Wood
Foundation: Other
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, Owner Financing, VA Loan
Lot Dimensions: 1.6
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: Appointment Only
Special Sale Provisions: None
Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Fiber Optics, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Water: None
Water Access Y/N: No
Zoning: MU1

Listed By / Shown By

Listed By

Agency Name: PORTAL REALTY
Agency Contact: 352-871-5864

Shown By

Agent Name: Kevin Noel
Agent Phone: (904) 655-7140
Agency Title: Watson Realty Corp., REALTORS ®

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Estimated Payment

$ 12,453.32 per month $10,608.73 Principal & Interest $1,202.92 Property Tax $641.67 Homeowner's Insurance

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