Sarah Zupa
$1,295,000

218 SW 10th Street Gainesville, FL 32601 Multi Unit - Multiple Pending

  • 218 SW 10th Street, Gainesville, FL 32601 Main Photo

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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.

Property Highlights

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

General Information

Sqft: 2,857
County: Alachua
Subdivision: UNIVERSITY HEIGHTS
Listed By:
Jamie Williams CORNERSTONE REALTY & MANAGEMENT SERVICES LLC 352-262-4914

Amenities

Ceiling Fans(s)
Other

Property Features

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
$1,295,000
2,857sqft
2cars
Pending
BEDS0 BATHS SQUARE FEET2,857 MLS#GC536926
STATUSPending PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONUNIVERSITY HEIGHTS

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218 SW 10th Street, Gainesville, FL 32601.

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Estimated Payment

$ 5,836.61 per month $4,367.82 Principal & Interest $1,091.08 Property Tax $377.71 Homeowner's Insurance

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