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110 SE 8th St
Gainesville, FL 32601
Sunnyside Villas - 14-Unit Multifamily Bldg · Multifamily Property For Sale
·
14 Units
Investment Highlights
- 14-unit multifamily investment property - nicely renovated and new roof installed in 2016
- Within walking distance to Downtown Gainesville and Depot Park, and less than one mile from the University of Florida
- Close proximity to University Avenue and Main Street, two of the city’s primary east-west and north-south corridors
- ?Zoned U3 with potential for increased density
Executive Summary
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.?
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.?
Property Facts
| Price Per Unit | $208,540 CAD | Lot Size | 1.25 AC |
| Sale Type | Investment | Building Size | 12,938 SF |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1977/1994 |
| Property Subtype | Apartment | Parking Ratio | 1.39/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | U3 | ||
| Price Per Unit | $208,540 CAD |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.25 AC |
| Building Size | 12,938 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1977/1994 |
| Parking Ratio | 1.39/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | U3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | - |
Property Taxes
| Parcel Number | 12706-000-000 | Improvements Assessment | $939,447 CAD |
| Land Assessment | $310,406 CAD | Total Assessment | $1,249,853 CAD |
Property Taxes
Parcel Number
12706-000-000
Land Assessment
$310,406 CAD
Improvements Assessment
$939,447 CAD
Total Assessment
$1,249,853 CAD
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