You must see this rare opportunity to own two properties on one lot just steps from the heart of Downtown Gainesville!
Located at 228 and 232 N.W. 4th Ave., this income producing package features a single family home and a duplex, offering tremendous potential for renovation, rental income, or redevelopment.
228 N.W. 4th Ave. is a charming single family home featuring a fenced in backyard, perfect for added privacy or outdoor entertaining.
232 N.W. 4th Ave. is a duplex, with each unit offering unique outdoor spaces: the front unit boasts a welcoming open front porch, while the back unit enjoys its own fenced area and a cozy back porch.
Currently, two of the three units are tenant occupied (through end of July), providing immediate rental income as you plan your improvements. Continue renting out homes or keep them for yourself! The property is zoned for multi family under 10 units, opening the door for even greater income potential through future development or expansion (subject to city approval). The lot is currently in the process of being split, which will give each building its own parceladding even more flexibility and value for future resale or financing options.
While these properties do need some work, the unbeatable downtown location, flexible zoning, and strong rental demand make this an outstanding investment option. Opportuities like this in the downtown core are rareschedule your showing today!
You must see this rare opportunity to own two properties on one lot just steps from the heart of Downtown Gainesville!
Located at 228 and 232 N.W. 4th Ave., this income producing package features a single family home and a duplex, offering tremendous potential for renovation, rental income, or redevelopment.
228 N.W. 4th Ave. is a charming single family home featuring a fenced in backyard, perfect for added privacy or outdoor entertaining.
232 N.W. 4th Ave. is a duplex, with each unit offering unique outdoor spaces: the front unit boasts a welcoming open front porch, while the back unit enjoys its own fenced area and a cozy back porch.
Currently, two of the three units are tenant occupied (through end of July), providing immediate rental income as you plan your improvements. Continue renting out homes or keep them for yourself! The property is zoned for multi family under 10 units, opening the door for even greater income potential through future development or expansion (subject to city approval). The lot is currently in the process of being split, which will give each building its own parceladding even more flexibility and value for future resale or financing options.
While these properties do need some work, the unbeatable downtown location, flexible zoning, and strong rental demand make this an outstanding investment option. Opportuities like this in the downtown core are rareschedule your showing today!
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Sidewalk
Flooring: Tile, Wood
Living Area: 2498.00
Other Structures: Additional Single Family Home
Roof: Shingle
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Wall/Window Unit(s)
Heating: Ductless
Sewer: Public Sewer
Utilities: Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Appliances: Cooktop, Electric Water Heater, Refrigerator
Country: US
Interior Features: Primary Bedroom Main Floor
Legal Description: BRUSH ADDN DB O-218 BK 16 PLAT OF BK 16 PB A-88 W 1/2 OF LOT 5 & E 40 FT OF LOT 8 OR 4482/0243
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