1203 NW 12TH AVE Gainesville, FL 32601
5 Beds
5 Baths
2,995 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,995 sqft
Price per Sqft $179
Subdivision Spring Park Sub
MLS Listing ID GC539204
Bedrooms 5
Full Baths 5
HOA Y/N No
Year Built 1941
Annual Tax Amount $3,976
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
Situated on a prominent corner parcel in one of Gainesville's most desirable rental corridors, this property enjoys convenient access to the University of Florida, UF Health Shands Hospital, downtown Gainesville, shopping, restaurants, parks, public transportation, and major employers. Its central location continues to attract students, medical professionals, faculty, traveling nurses, and long-term residents, contributing to consistent rental demand and year-over-year income growth.
The flexible floor plan offers multiple income opportunities. Unit A features a one-bedroom, one-bath apartment with dual entrances to the kitchen and living room. Unit B offers an updated two-bedroom, two-bath apartment with modern finishes. Unit C is currently configured as two separate one-bedroom, one-bath apartments with private entrances but can easily be converted back into a spacious two-bedroom, two-bath residence with French doors leading to a private outdoor space. This flexibility allows the property to accommodate a variety of rental strategies.
Significant capital improvements were completed in 2019, including a new roof, updated electrical systems, and new HVAC systems, helping reduce future maintenance costs. Additional features include three separate GRU electric meters, three storage sheds providing ample storage, extensive privacy fencing, new fencing in the rear and alongside Unit A.
Whether the goal is expanding an investment portfolio, generating immediate rental income, providing student or medical housing, or exploring future redevelopment opportunities, this property offers exceptional versatility. The commercial and residential zoning provides flexibility that is increasingly difficult to find this close to the University of Florida and UF Health Shands Hospital.
Properties offering multiple income streams, updated major systems, flexible unit configurations, and redevelopment potential in this location are rare. This Gainesville investment combines location, cash flow, and future upside, making it an outstanding opportunity for investors seeking a multi-family property in one of North Central Florida's strongest rental markets.
Location
State FL
County Alachua
Community Spring Park Sub
Area 32601 - Gainesville
Zoning OF
Interior
Interior Features Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Window Treatments
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile, Luxury Vinyl, Vinyl
Furnishings Negotiable
Fireplace false
Appliance Disposal, Dryer, Electric Water Heater, Ice Maker, Range, Refrigerator, Washer
Laundry Electric Dryer Hookup, In Kitchen, Inside, Laundry Closet, Laundry Room, Washer Hookup
Exterior
Exterior Feature Awning(s), French Doors, Lighting, Private Entrance, Private Mailbox, Private Yard, Storage
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
View Y/N No
Water Access No
Roof Type Shingle
Exposure North
Garage false
Private Pool No
Building
Entry Level Two
Foundation Block, Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Cedar,Concrete,Frame,Wood Siding
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/GC539204
