tomo logo

$525,000

Beds
3
Baths
1.0
sq ft
1,240

119 NW 11th St, Gainesville, FL 32601

119 NW 11th St

GAINESVILLE, FL 32601

  • 19 days on market
ZONED U6! The U6 zoning allows for several additional units to be placed on the same site. Highest & best use is a small MF apartment complex. Located just minutes from the University of Florida (0.3 miles), conveniently close to campus, local dining, shopping, and entertainment. Currently leased at $2,100/month offering immediate income potential. This delightful 3-bedroom, 1-bathroom home offers over 1,200 sqft of living space, screened-in porch and .17 acres with a fully fenced backyard. Also zoned for Retail, Office, Mixed Use and much more! Maximum building height is 60 Feet (74ft w/bonus). Residential density by right is 50 (60 w/bonus). This property allows for a variety of uses, providing incredible flexibility and future potential. It is also located in the Enterprise Zone, this is a delineated area in the City limits that’s purpose is to promote development so credits are given to reduce some permitting fees. The home features a spacious layout with plenty of natural light, a cozy living area, and a functional kitchen. Whether you're looking for a primary residence, a rental property, or a future development opportunity, this home offers unbeatable value in a prime location. Don't miss your chance to own a piece of Gainesville real estate in a highly sought-after area!

Details

Property type

Single Family Residence

Lot size

7,405 sq ft

Price per sq ft

$424

Year built

1927

Annual property taxes

$4,847.52

Price History

08/28/2024
StellarMLS

StellarMLS #GC524625

Listed
$525,000
+144.19%
05/31/2016
StellarMLS

StellarMLS #GC375099

Sold
$215,000

Schools & Community

Neighborhood: 

Fifth Avenue

Elementary school: 

Carolyn Beatrice Parker Elementary

Middle school: 

Westwood Middle School-AL

High school: 

Gainesville High School-AL

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Richard Blaser

Loan start date

November 2020

Original loan amount

$800,000

Est. remaining balance

Not provided

Interest rate

2.88%

Loan type

Balloon

Seller

Se Gville Properties Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

StellarMLS
$525,000
3 bd
|
1 ba
|
1,322 sq ft
|
House

710 NW 2nd Ave, Gainesville, FL 32601

New
StellarMLS
$600,000
3 bd
|
2 ba
|
1,900 sq ft
|
House

2039 NW 3rd Ave, Gainesville, FL 32603

StellarMLS
$559,000
3 bd
|
2.5 ba
|
1,994 sq ft
|
House

1625 NW 14th Ave, Gainesville, FL 32605

Status: Active

Tomo last checked: 09/16/2024 at 2:20 PM

Listing updated: 09/10/2024 at 3:28 PM

Listed by: Angelina Ballatore, BHHS FLORIDA REALTY Phone #: (352) 225-4700

MLS: StellarMLS #GC524625

StellarMLS logo

Recently listed in GAINESVILLE

$163,900|2 bd|2.0 ba|Townhouse
$538,790|4 bd|3.5 ba|House
$270,000|3 bd|2.0 ba|House
$379,900|3 bd|2.0 ba|House
$300,000|3 bd|2.0 ba|House
$325,000|4 bd|3.0 ba|House
$399,000|4 bd|2.5 ba|House
$345,000|3 bd|2.0 ba|House
$180,000|2 bd|1.5 ba|Townhouse