1401 NW 5th Avenue, Gainesville, FL 32603

$1,050,000

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Property Description

Prime UF Investment Opportunity - 6 Income-Producing 1BR Units Just 4 Blocks from Campus! Wake up and be in the heart of campus in under 5 minutes! This rare opportunity to own six income-generating 1BR/1BA units in the highly desirable U5 zoning district is perfect for investors seeking consistent rental income and long-term appreciation. Located just four blocks from UF's Business School and caddy-corner to the Gate gas station, this property offers unbeatable walkability for students and professionals alike. Five of the six units are currently leased through July 2026, providing immediate and stable cash flow. One unit is currently vacant-ideal for a new owner to renovate or lease at market rate. Whether you're expanding your portfolio or making your first leap into student housing, this property checks all the boxes: location, zoning, and income. Don't miss this rare multifamily gem in one of Gainesville's highest-demand rental corridors. All units have parking and additional parking spaces to sell!

1401 NW 5th Avenue | MLS# GC533421

This multi-family property located at 1401 NW 5th Avenue, Gainesville, FL 32603 is currently listed for sale with an asking price of $1,050,000. Search Gainesville real estate on tiffanym.watsonrealtycorp.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Ductless
Lot Size: 0.27 Acres
Roof Type: Shingle
Taxes: $9,296
Year Built: 1959
Square Feet: 3,300

Amenities

Ceiling Fans(s)
Other

Feature Descriptions

Annual Net Income: 70000.00
Days on Site: 197
Directions: From I 75 Head East on Newberry road to W University Avenue. Make a left on NW 15th street. Turn Right on NW 5th avenue. Right across from the Legacy at the Standard and caddy corner to the Gate station
Exterior: Block
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.27
Ownership: Other
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sewer: Public Sewer
Showing Instructions: Appointment Only
Special Sale Provisions: None
Units: 6
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: RMF8

Listed By / Shown By

Listed By

Agency Name: CORNERSTONE REALTY & MANAGEMENT SERVICES LLC
Agency Contact: 352-278-4648

Shown By

Agent Name: Tiffany Matics-Machusak
Agent Phone: (304) 545-7827
Agency Title: Watson Realty Corp., REALTORS ®

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Estimated Payment

$ 6,144.18 per month $5,063.26 Principal & Interest $774.67 Property Tax $306.25 Homeowner's Insurance

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