$2,200,000 - 824 E University Avenue, GAINESVILLE
- 19
- Bedrooms
- 12
- Baths
- 12,008
- SQ. Feet
- 1.6
- Acres
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
Essential Information
-
- MLS® #:
- GC538545
-
- Price:
- $2,200,000
-
- Bedrooms:
- 19
-
- Bathrooms:
- 12.00
-
- Full Baths:
- 12
-
- Square Footage:
- 12,008
-
- Acres:
- 1.60
-
- Year Built:
- 1947
-
- Type:
- Residential
-
- Sub-Type:
- Single Family Residence
-
- Status:
- Active
Community Information
-
- Address:
- 824 E University Avenue
-
- Area:
- Gainesville
-
- Subdivision:
- GAINESVILLE DOIG & ROBERTSON ADD
-
- City:
- GAINESVILLE
-
- County:
- Alachua
-
- State:
- FL
-
- Zip Code:
- 32601
Interior
-
- Interior Features:
- Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, In Wall Pest System, Primary Bedroom Main Floor, Thermostat, Vaulted Ceiling(s)
-
- Appliances:
- Range, Washer
-
- Heating:
- Heat Pump, Natural Gas
-
- Cooling:
- Central Air
-
- Fireplace:
- Yes
-
- Fireplaces:
- Living Room
-
- # of Stories:
- 2
Exterior
-
- Exterior Features:
- Balcony, Courtyard, Lighting, Sidewalk, Storage
-
- Roof:
- Shingle
-
- Foundation:
- Other
Additional Information
-
- Days on Market:
- 137
-
- Zoning:
- MU1
Listing Details
- Listing Office:
- Portal Realty