119 NW 11th St., Gainesville, FL 32601

119 NW 11th St., Gainesville, FL 32601
Photo 1 of 16
$525,000
Beds Baths Sq. Ft. Taxes Built
3 1.00 1,240 $4,848 1927
On the market: 85 days

Est. Monthly Payment:

$3,406($3,002 + $404 taxes*)

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APPROVED
View full details, 15 photos, school info, and price history
Development opportunity! 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. The 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!
Listing courtesy of Angelina Ballatore & Ann Ballatore, BHHS FLORIDA REALTY & BHHS FLORIDA REALTY