427 7Th AveGainesville, FL 32601
- Residential income properties
- 372 SF
Property Details for 427 7Th Ave
- Year built
- 1940
- Lot size
- 0.14 AC
- Property size (Sq ft)
- 372 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
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.
Location Insight
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Latitude
- 29.6579
- Longitude
- -82.3296
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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