2 months on rocket

1203 NW 12th Ave, Gainesville, FL, 32601

$800,000

Home List Price

$9,500*

Closing Credit

0 Baths
3,006 SqFt
$266/SqFt
Multi

Location

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1203 NW 12th Ave, Gainesville$800,000

Buyer Closing Credits

$9,500*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingAssigned, Driveway, Guest, Off Street
Year Built1941
HeatingElectric
CoolingCentral Air
MLS #GC524845
Lot Size0.22 Acres
StatusActive

About 1203 NW 12th Ave

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. Currently on month to month rental for $3400.00 per month through December 2024, possibly longer for one tenant. 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. Owner is working on making some minor improvements. Rental Performance: Excellent short-term rental occupancy due to its prime location and updated amenities. Seller Financing: Possible with $400,000 down, 10% interest, and a maximum of 10 years financing. 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!

Property Details

Property Features

Property Information:

  • Year Built: 1941
  • Living Area: 3,006 SqFt

Listing Office:

  • Office Name: BROXSON REAL ESTATE GROUP
  • Office Phone: (352) 278-4648
  • Listing Agent: Mark Kjeseth

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Electric Water Heater, Ice Maker, Range, Refrigerator
  • Interior: Built-in Features, Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Window Treatments

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Outbuilding(s), Awning(s), Fence, French Doors, Private Mailbox, Storage

Parking Information:

  • Parking: Assigned, Driveway, Guest, Off Street

Lot Features

Lot Information:

  • Lot: Corner Lot, Near Public Transit
  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From University Ave and NW 13th st, head North to 12th Ave, turn right and triplex will be at the intersection of 12th Ave and 12th St on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $800,000
  • Price Per SqFt: $266/SqFt

Tax Information:

  • Annual Amount: $2,838
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Gainesville, FL.

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Gainesville, FL

City

Med. Sold Price

$308K

Med. Price/SqFt

$196

Avg. Days On Market

60

# of Sold Homes

132

1203 NW 12th Ave vs Gainesville

76 DAYS ON ROCKET

+16 Days

$800,000

+$492K More

$266/SqFt

+$70 More

KEY TAKEAWAY

This property is $492K more than the Median Sold Price and $70/SqFt more than other homes in Gainesville, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #GC524845

Listing Office:

  • Office Name: BROXSON REAL ESTATE GROUP
  • Office Phone: (352) 278-4648
  • Listing Agent: Mark Kjeseth

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/20/2024, 10:49:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 29, 2018Home Sold
$130,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,838$119,263
2019$2,914$119,263
2018$2,780$120,000
2017$1,409$80,540

History based on county public records data.

Payment Calculator

$4,060

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,465

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-187628
1
/10

  • W.A. Metcalfe Elementary School

  • 1250 NE 18th Ave

  • 0.40 miles

  • Public District Grades KG-5

school-card-donut-187629
7
/10

  • Boulware Springs Charter

  • 1303 NE 23rd Ave

  • 0.68 miles

  • Public Charter Grades KG-5

school-card-donut-187630
4
/10

  • Joseph Williams Elementary School

  • 1245 SE 7th Ave

  • 1.26 miles

  • Public Magnet Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,948. The majority of Gainesville, FL residents have income between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Alachua County›Gainesville›32601›1203 NW 12th Ave

This home is located at 1203 NW 12th Ave in Gainesville, FL and zip code 32601 in the Eastside / Northeast Gainesville neighborhood. This 3,006 square foot home, which was built in 1941, sits on a 0.22 acre lot. It has been listed on Rocket Homes since September 05, 2024 and is currently priced at $800,000.

Over 11 listings were sold over their listed price in October 2024 in Gainesville, FL. In the same period over 101 listings were sold below the listed price and 20 listings were sold for the listed price. Between September 2024 and October 2024, Gainesville, FL real estate market has seen decrease in the number of listings by 0.4%. In October 2024 median list price was $308,000 and the average listing age was 60 days.

From Rocket Homes Real Estate and based on county public records data.

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