Description
You must see this rare opportunity to own two properties on one lot just steps from the heart of Downtown Gainesville! Located at 228 and 232 N.W. 4th Ave., this income-producing package features a single-family home and a duplex, offering tremendous potential for renovation, rental income, or redevelopment. 228 N.W. 4th Ave. is a charming single-family home featuring a fenced-in backyard, perfect for added privacy or outdoor entertaining. 232 N.W. 4th Ave. is a duplex, with each unit offering unique outdoor spaces: the front unit boasts a welcoming open front porch, while the back unit enjoys its own fenced area and a cozy back porch. Currently, two of the three units are tenant-occupied (through end of July), providing immediate rental income as you plan your improvements. Continue renting out homes or keep them for yourself! The property is zoned for multi-family under 10 units, opening the door for even greater income potential through future development or expansion (subject to city approval). The lot is currently in the process of being split, which will give each building its own parcel—adding even more flexibility and value for future resale or financing options. While these properties do need some work, the unbeatable downtown location, flexible zoning, and strong rental demand make this an outstanding investment option. Opportuities like this in the downtown core are rare—schedule your showing today!
