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(386) 960-0076
Stork Real Estate
218 Sw 10th Street, Gainesville, FL 32601
- $1,200,000
- 2,857
- SqFt
- Sold Price
- $1,200,000
- List Price
- $1,295,000
- Closing Date
- Apr 14, 2026
- MLS#
- GC536926
- Type
- Multifamily
- Living Area
- 2,857
- Lot Size
- 11,761
- Subdivision
- University Heights
- Year Built
- 1933
Property Description
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.
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Additional Information
- Community Features
- No Deed Restriction
- Style
- Duplex
- Interior
- Ceiling Fans(s)
- Interior Features
- Ceiling Fans(s)
- Exterior Construction
- Other, Frame
- Exterior
- Other
- Roof
- Shingle
- Utilities
- Public
- Fireplace
- Yes
- Heating
- Central
- Cooling
- Central Air
- Pool Type
- No Pool
Listing courtesy of CORNERSTONE REALTY & MANAGEMENT SERVICES LLC. Selling Office: EXPLORE REALTY INC.
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