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3643 E University Ave - +/- 134 MULTIFAMILY UNITS 11.18 Acres of Residential Land Offered at $1,750,000 in Gainesville, FL 32641
Investment Highlights
- MULTI FAMILY LAND NEAR UNIVERSITY OF FLORIDA
- ON MAIN DIVIDED HIGHWAY
- 11.18 ACRES - +/-134 CONDOS
Executive Summary
Very Good location on divided highway not far from University of Florida.
Multi family zoned land in good location is being sold for $16,000-$18,000 per unit with water & sewer to the site.
Therefore, 134 units @ $16,000 is $2,144,000. Water connection cost will be nominal. Sewer however is estimated at $400K
Therefore the sales price and sewer cost is $1,795,000.($13,395 per unit)
Multi family zoned land in good location is being sold for $16,000-$18,000 per unit with water & sewer to the site.
Therefore, 134 units @ $16,000 is $2,144,000. Water connection cost will be nominal. Sewer however is estimated at $400K
Therefore the sales price and sewer cost is $1,795,000.($13,395 per unit)
Property Facts
1 Lot Available
Lot
| Price | $1,750,000 | Lot Size | 11.18 AC |
| Price Per AC | $156,529.52 |
| Price | $1,750,000 |
| Price Per AC | $156,529.52 |
| Lot Size | 11.18 AC |
11.18 Acres Zoned Multi Family. Water Connection is nearby. Sewer is not. Engineer estimates +/- 134 Condo Units can be developed. HOWEVER, zoning is RMF 5 which is 12 units per acre,
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $101,640 | Total Assessment | $101,640 |
Property Taxes
Parcel Numbers
Land Assessment
$101,640
Improvements Assessment
$0
Total Assessment
$101,640
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