110 SE 8th Street – Sunnyside Villas
- 14-unit multifamily investment property
- Close proximity to University Avenue and Main Street, two of the city’s primary east-west and north-south corridors
- Within walking distance to Downtown Gainesville and Depot Park, and less than one mile from the University of Florida
Property Description
This 14-unit, single-story multifamily property totals approximately 13,480 square feet and is situated on 1.25 acres, offering an efficient, low-density layout. The unit mix consists of twelve 2-bedroom/1-bath units and two 2-bedroom/2-bath units, with all units having undergone interior renovations within the past 10 years and a new roof installed in 2016. The property is zoned U3, allowing for continued residential use with potential for future redevelopment or increased density. Tenants are responsible for all utilities, providing operational efficiency, with current average in-place rents of $1,375 per month and demonstrated upside to approximately $1,500 per month with minimal additional investment.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,100,000 |
| No. of Units: | 14 |
| Year Built: | 1977 |
| Lot Size: | 1.25 Acres |
| Opportunity Zone: | No |
| Price per unit: | $150,000 |
| Property Website | Click Here |
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