For Sale
$254,000

427 7Th AveGainesville, FL 32601

1-Unit Multifamily, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This charming 372 sq ft cottage, built in 1940, is located at 427 NW 7th Ave, Gainesville, FL 32601, in Alachua County. Priced at $254,000 ($682.80/sq ft), this single-family home sits on a 0.14-acre lot (APN: 14423-000-000) and is zoned RC. Its prime location offers easy access to downtown Gainesville and the University of Florida, making it ideal for students or professionals. The property includes an adjacent, separately deeded parcel, perfect for developing up to three Accessory Dwelling Units (ADUs), significantly increasing rental income potential. The existing cottage offers low-maintenance living, while the additional parcel presents a compelling investment opportunity in a rapidly growing area. The property's small footprint and efficient design contribute to low operating costs. This is a unique opportunity to acquire a turnkey property with substantial upside potential. The sale includes both the cottage and the adjacent parcel.

Highlights

  • Prime location in a rapidly growing area.
  • Close proximity to Downtown Gainesville and the University of Florida.
  • Exceptional investment opportunity including a separate land parcel.
  • Low maintenance costs.

Property Details for 427 7Th Ave

Property type
Square Feet
372 SF
Year Built
1940
Lot Size (sq. ft)
6,098 SF
Units
1

Location Insight

City
Gainesville
County
Alachua
State
Florida
Latitude
29.657884992033
Longitude
-82.329614885887
427 7Th Ave, Gainesville, Florida

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427 7Th Ave
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