Exceptional Investment & Development Opportunity! Rare opportunity to own a single family home and duplex situated on U4 (Urban 4) zoned parcel, offering immediate rental income and exciting long-term redevelopment potential. The U4 zoning district is designed to encourage walkable urban development and provides flexible building standards that may appeal… Read More to investors, builders, and developers. U4 zoning also allows up to 3 stories (42 feet maximum height), 0-foot interior side setbacks (subject to utilities and easements), and rear setbacks of 3 feet with an alley or 10 feet without. Accessory Dwelling Units (ADUs) are permitted, allowing one attached and one detached ADU per parcel, provided a primary residence remains on the property and all applicable City standards are met. The parcel is not located within a historic district, though buyers should verify any requirements with the City due to the age of the existing structures. Whether you're looking to continue operating the existing rental, expand your investment portfolio, or explore future redevelopment opportunities, this property offers exceptional flexibility in a highly desirable location. Buyers are encouraged to verify all zoning regulations, permitted uses, development standards, and future plans with the City of Gainesville. For buyers seeking an extraordinary investment opportunity, the adjacent properties are also available 907 NW 4th Place (triplex) and 908 NW 4th Place (single family). Read Less
Courtesy of BHHS FLORIDA REALTY 352-225-4700
Listing Snapshot
Days Online
1
Last Updated
Property Type
Triplex
Beds
3
Square Ft.
1,846
Lot Size
0.12 Acres
Year Built
1958
MLS Number
GC542483
Additional Details
Property Access
Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Appliances & Equipment
Electric Water Heater, Range
Building
Built in 1958, Living area: 1846, Living area units: Square Feet, Levels: One, Construction Materials: Block, Stucco
Cooling
Central Air
Accessibility Features
Accessible Approach with Ramp
Exterior Features
Patio/Porch Features: Front Porch, Fence
Floors
Linoleum
Foundation
Slab
Heating
Electric
Income
Gross Income: $37,800
Lot
0.12 acres
Parking
Off Street, Open
Property
Completed, City
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 13753-001-000, Public Survey Range: 20, Public Survey Section: 5, Annual Amount: $3,740, Tax Book Number: A-64, Legal Description: Lot Eight (8), Taylor's Resurvey of the West 1/2 of Block 6, Brown's Addition to Gainesville, as per plat thereof recorded in Plat Book "A", page 126 of the Public Records of Alachua County, Florida., Lot: 8, Year: 2025, Zoning: U4
Tenant Pays
Electricity, Water
Utilities
Cable Available, Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
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