One or more photo(s) has been virtually staged. INVESTORS, HOUSE HACKERS, AND FIRST-TIME HOME BUYERS... YOU DON'T WANT TO MISS THIS!
Welcome to 1424 NE 1st Ave - an affordable opportunity with HUGE income potential just minutes from the University of Florida and downtown Gainesville. Whether you are a first-time homebuyer… Read More looking to offset your future housing costs or an investor searching for your next value-add property, this one stands out from the crowd.
This 2 bedroom, 1 bathroom home offers 922 square feet of living space on a spacious lot with U2 zoning, creating the potential for an Accessory Dwelling Unit (ADU) and additional income opportunities over time. Opportunities at this price point with flexible zoning this close to UF are becoming increasingly difficult to find.
The existing home is projected to rent for approximately $1,300 to $1,500 a month, while a future ADU could potentially generate an additional $900 to $1,400 a month depending on configuration and use. Preliminary contractor pricing for ADU development is available upon request, and preferred lender has indicated potential FHA 203k renovation loan eligibility for qualified buyers looking to finance improvements into the purchase. (CREDITS AVAILABLE FROM PREFERRED LENDER AND SELLER TO ASSIST WITH CLOSING COSTS UP TO $3,300)
Located near shopping, dining, parks, major roadways, and one of Florida’s largest universities, this property offers strong long-term appeal for owner occupants, student housing demand, mid-term rentals, or buyers looking to build equity through strategic improvements.
If you have been searching for an affordable Gainesville property with flexibility, future upside, and proximity to UF and downtown, this is one you do not want to miss.
Seller is motivated. Schedule your private showing today.
Buyer to independently verify zoning, ADU feasibility, permitting requirements, financing eligibility, rental restrictions, and all projected income estimates. Read Less
Courtesy of ARIUM REAL ESTATE, LLC 321-209-0828
Listing Snapshot
Days Online
37
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
922
Lot Size
0.14 Acres
Year Built
1947
MLS Number
GC539656
Additional Details
Property Access
Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Appliances & Equipment
Built-In Oven, Cooktop, Electric Water Heater, Freezer, Refrigerator, Other equipment: None
Building
Built in 1947, Living area: 922, Living area units: Square Feet, Building faces South, Levels: One, Construction Materials: Frame
Community
Street Lights
Cooling
Central Air
Exterior Features
Patio/Porch Features: None, None
Floors
Vinyl
Foundation
Crawlspace
Heating
Electric
Interior Features
Ninguno
Laundry
Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
Lot
0.14 acres, Mature Landscaping
Pets Policy
Allowed: Yes
Property
Completed
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 11711-000-000, Public Survey Range: 20, Public Survey Section: 4, Annual Amount: $1,591, Tax Book Number: C-14, Legal Description: LAKEWAY GROVES PB C-14 LOT 3 BK B OR 1313/411, Lot: 3, Year: 2025, Zoning: RMF7
Utilities
Cable Connected, Electricity Connected, Fiber Optics, Phone Available, Public, Water Connected, Water Source: Public
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