218 SW 10th Street, Gainesville, FL 32601

$1,295,000

2 Total Photos [Click to View All]

Property Description

Under contract-accepting backup offers. Incredible income-producing investment in a prime UF location. This unique property features two separate rental structures plus 15 income-generating parking spaces, offering immediate and diversified cash flow. The main residence is a remodeled 5-bedroom, 2-bath, two-story home with refinished hardwood floors and classic character. It is leased through July 2027, providing long-term stability. The second structure is an oversized one-bedroom apartment, also fully leased through July 2026, with a garage below that offers excellent potential for future conversion or expansion. In addition to the residential income, the property includes nine separately leased parking spaces generating monthly revenue, while the main house and apartment are supported by six additional dedicated parking spaces.With U-5 zoning, there is significant upside for redevelopment or increased density. Ideally located across from Midtown Park Eatery, just steps from Sorority Row, and The Swamp Restaurant, this property sits in one of the most desirable and high-demand areas near the University of Florida.Immediate income, upside potential, and an unbeatable location-opportunities like this are rare.

218 SW 10th Street | MLS# GC536926

This multi-family property located at 218 SW 10th Street, Gainesville, FL 32601 is currently listed for sale with an asking price of $1,295,000. Search Gainesville real estate on tiffanym.watsonrealtycorp.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Garage: 2 car attached
Heating: Central
Lot Size: 0.27 Acres
Roof Type: Shingle
Taxes: $13,093
Year Built: 1933
Square Feet: 2,857

Amenities

Ceiling Fans(s)
Other

Feature Descriptions

Annual Net Income: 84000.00
Days on Site: 38
Directions: Head East on University Avenue past NW 13th street and take a right on SW 10th Street. House is on the corner to corner on the right of SW 2nd Avenue and SW 10th street
Exterior: Other, Frame
Fireplace: Wood Burning
Fireplace Y/N: Yes
Flood Zone Code: X
Foundation: Crawlspace
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.27
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Call Manager
Special Sale Provisions: None
Units: 2
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: RH1

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 ®

IDX logo

Estimate Your Payment

Estimated Payment

$ 7,713.48 per month $6,244.69 Principal & Interest $1,091.08 Property Tax $377.71 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder

Pixel