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1615 NW 3rd Ave 14 Unit Apartment Building $2,800,000 ($200,000/Unit) Gainesville, FL 32603
Executive Summary
College Park multifamily investment opportunity just steps from the University of Florida. This 13,244 SF property on 0.38 acres, comprising 14 apartments and 7 office spaces, across three buildings and is income-producing. Located near Midtown and University Avenue with on-site parking, the property offers strong value-add potential through renovation, repositioning, or redevelopment in one of Gainesville’s most desirable rental markets.
Property Facts
| Price | $2,800,000 | Building Class | C |
| Price Per Unit | $200,000 | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 13,244 SF |
| No. Units | 14 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1936 |
| Property Subtype | Apartment | Parking Ratio | 1.27/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RMU - Residential Mixed Use | ||
| Price | $2,800,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 13,244 SF |
| No. Stories | 3 |
| Year Built | 1936 |
| Parking Ratio | 1.27/1,000 SF |
| Zoning | RMU - Residential Mixed Use |
Amenities
Unit Amenities
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
| 2+2 | 7 | - | - |
| 3+1 | 1 | - | - |
1 1
Very walkable
80/100
Fairly drivable
40/100
Good public transit
60/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 15032-000-000 | Improvements Assessment | $1,254,506 |
| Land Assessment | $741,894 | Total Assessment | $1,996,400 |
Property Taxes
Parcel Number
15032-000-000
Land Assessment
$741,894
Improvements Assessment
$1,254,506
Total Assessment
$1,996,400
Contacts
-
Perry Pursell -
Shasta Schoellhorn -
Coldwell Banker Commercial M.M. Parrish, Realtors
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1615 NW 3rd Ave
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