1424 NE 1ST AVENUE
Gainesville, FL 32641
$164,900
Active
Beds
2
Baths
1
(1F 0H)
Living Area (sqft)
922
Year Built
1947
Description
One or more photo(s) has been virtually staged. INVESTORS, HOUSE HACKERS, AND FIRST-TIME HOME BUYERS... YOU DON'T WANT TO MISS THIS!
Welcome to 1424 NE 1st Ave - an affordable opportunity with HUGE income potential just minutes from the University of Florida and downtown Gainesville. Whether you are a first-time homebuyer looking to offset your future housing costs or an investor searching for your next value-add property, this one stands out from the crowd.
This 2 bedroom, 1 bathroom home offers 922 square feet of living space on a spacious lot with U2 zoning, creating the potential for an Accessory Dwelling Unit (ADU) and additional income opportunities over time. Opportunities at this price point with flexible zoning this close to UF are becoming increasingly difficult to find.
The existing home is projected to rent for approximately $1,300 to $1,500 a month, while a future ADU could potentially generate an additional $900 to $1,400 a month depending on configuration and use. Preliminary contractor pricing for ADU development is available upon request, and preferred lender has indicated potential FHA 203k renovation loan eligibility for qualified buyers looking to finance improvements into the purchase. (CREDITS AVAILABLE FROM PREFERRED LENDER AND SELLER TO ASSIST WITH CLOSING COSTS UP TO $3,300)
Located near shopping, dining, parks, major roadways, and one of Florida’s largest universities, this property offers strong long-term appeal for owner occupants, student housing demand, mid-term rentals, or buyers looking to build equity through strategic improvements.
If you have been searching for an affordable Gainesville property with flexibility, future upside, and proximity to UF and downtown, this is one you do not want to miss.
Seller is motivated. Schedule your private showing today.
Buyer to independently verify zoning, ADU feasibility, permitting requirements, financing eligibility, rental restrictions, and all projected income estimates.
Welcome to 1424 NE 1st Ave - an affordable opportunity with HUGE income potential just minutes from the University of Florida and downtown Gainesville. Whether you are a first-time homebuyer looking to offset your future housing costs or an investor searching for your next value-add property, this one stands out from the crowd.
This 2 bedroom, 1 bathroom home offers 922 square feet of living space on a spacious lot with U2 zoning, creating the potential for an Accessory Dwelling Unit (ADU) and additional income opportunities over time. Opportunities at this price point with flexible zoning this close to UF are becoming increasingly difficult to find.
The existing home is projected to rent for approximately $1,300 to $1,500 a month, while a future ADU could potentially generate an additional $900 to $1,400 a month depending on configuration and use. Preliminary contractor pricing for ADU development is available upon request, and preferred lender has indicated potential FHA 203k renovation loan eligibility for qualified buyers looking to finance improvements into the purchase. (CREDITS AVAILABLE FROM PREFERRED LENDER AND SELLER TO ASSIST WITH CLOSING COSTS UP TO $3,300)
Located near shopping, dining, parks, major roadways, and one of Florida’s largest universities, this property offers strong long-term appeal for owner occupants, student housing demand, mid-term rentals, or buyers looking to build equity through strategic improvements.
If you have been searching for an affordable Gainesville property with flexibility, future upside, and proximity to UF and downtown, this is one you do not want to miss.
Seller is motivated. Schedule your private showing today.
Buyer to independently verify zoning, ADU feasibility, permitting requirements, financing eligibility, rental restrictions, and all projected income estimates.
Property Details
MLS Area
—
Property Type
Residential
/ SingleFamilyResidence
Listing Type
sale
Listing ID
GC539656
Location
Features
Appliances
5
items
- Refrigerator
- Electric Water Heater
- Built In Oven
- Cooktop
- Freezer
Architectural Style
1
item
- Traditional
Basement
1
item
- Crawl Space
Community Features
1
item
- Street Lights
Construction Materials
1
item
- Wood Frame
Cooling
1
item
- Central Air
Exterior Features
1
item
- None
Flooring
1
item
- Vinyl
Foundation Details
1
item
- Crawlspace
Heating
1
item
- Electric
Listing Terms
4
items
- Cash
- Conventional
- F H A
- Va Loan
Lot Features
1
item
- Landscaped
Patioandporch Features
1
item
- None
Pets Allowed
1
item
- Yes
Property Sub Type Additional
1
item
- Single Family Residence
Road Surface Type
1
item
- Asphalt
Roof
1
item
- Shingle
Speciallistingconditions
1
item
- None
Utilities
6
items
- Municipal Utilities
- Phone Available
- Water Connected
- Fiber Optic Available
- Cable Connected
- Electricity Connected
Water Source
1
item
- Public
3D View
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