Property Description
Under contract-accepting backup offers. Incredible income-producing investment in a prime UF location. This unique property features two separate rental structures plus 15 income-generating parking spaces, offering immediate and diversified cash flow. The main residence is a remodeled 5-bedroom, 2-bath, two-story home with refinished hardwood floors and classic character. It is leased through July 2027, providing long-term stability. The second structure is an oversized one-bedroom apartment, also fully leased through July 2026, with a garage below that offers excellent potential for future conversion or expansion. In addition to the residential income, the property includes nine separately leased parking spaces generating monthly revenue, while the main house and apartment are supported by six additional dedicated parking spaces.With U-5 zoning, there is significant upside for redevelopment or increased density. Ideally located across from Midtown Park Eatery, just steps from Sorority Row, and The Swamp Restaurant, this property sits in one of the most desirable and high-demand areas near the University of Florida.Immediate income, upside potential, and an unbeatable location-opportunities like this are rare.
Property Features
Amenities
Feature Descriptions
Listed By / Shown By
Listed By
Agency Name: CORNERSTONE REALTY & MANAGEMENT SERVICES LLC
Agency Contact: 352-278-4648
Shown By
Agent Name: Jamie Deihl
Agent Phone: (719) 468-9744
Agency Title: Watson Realty Corp., REALTORS ®
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Estimated Payment
$ 7,713.48 per month $6,244.69 Principal & Interest $1,091.08 Property Tax $377.71 Homeowner's InsuranceChange Payment Information
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218 SW 10th Street | MLS# GC536926
This multi-family property located at 218 SW 10th Street, Gainesville, FL 32601 is currently listed for sale with an asking price of $1,295,000. Search Gainesville real estate on jamiedeihl.watsonrealtycorp.com today.