1102 NW 3RD AVE Gainesville, FL 32601

Investor Alert! Here is your chance to purchase a 3 unit property on NW 3rd Ave. This listing includes two large 3 bedroom/1 bathroom apartments in a 2-story building and a free standing 1 bedroom/1bathroom home. The 3 bedroom units feature hard flooring surfaces throughout, tall ceilings, large rooms, a separate dining room (shown as a bedroom on the tax roll), and a washer and dryer in each unit. The downstairs unit has a large, screened porch. The free-standing cottage also has hard flooring surfaces throughout and an updated kitchen and bathroom. All units have 200 amp electrical panels, metal roofs, and a recent exterior repaint. We've managed this property for 8 years with 100% occupancy and happy tenants. The three bedroom units are rented through July 2023 for $1650/month each. The 1 bedroom unit is rented through July 2023 for $1000/month. All tenants have renewed for Aug 2023-July 2024 at increased rates. Rent for the 1-bedroom increases to $1100/month beginning August 1 2023. Rent for the 3-bedroom units increases to $1725/month beginning August 1 2023.