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722, 732, 734 NE 3rd Avenue 722 NE 3rd Ave

9 Unit Apartment Building $1,557,800 CAD ($173,089 CAD/Unit) Gainesville, FL 32601

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Executive Summary

9 units in the Duck Pond for just $122,111 per unit, fully rented through July 30, 2025! Rare opportunity for an investor to come in and capitalize on a great deal with gross income $112,200/year. Each property is unique and full of character, and most units have beautiful real wood floors with large spacious yards. 722 NE 3rd Ave has four different 2 bed/1 bath units and a new roof as of September 2023. 732 has two large 2 bed/1 bath units with an upgraded mini-split system, and 734 has three cozy but spacious 1 bed/1 bath units, and was re-piped in 2018. Zoned U-2 allowing 15 units/acre, there are multiple open spaces to build on the .69 acre assemblage of 3 different parcels, creating value-add and upgrade opportunities to build additional unit(s) as well as accessory dwelling units. Just 3.5 blocks from the Sweetwater Branch Inn and a half mile from City Hall, this property is in the heart of Gainesville with so much just blocks away! Addresses of the 3 parcels are: 722, 732, and 734 NE 3rd Avenue.

Financial Summary (Pro forma - 2024) Click Here to Access	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Net Operating Income	-	-

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income (CAD)
Annual	-
Annual Per SF	-

Property Facts

Price	$1,557,800 CAD	Building Class	B
Price Per Unit	$173,089 CAD	Lot Size	0.69 AC
Sale Type	Investment	Building Size	7,558 SF
No. Units	9	Average Occupancy	100%
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment	Year Built	1930
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,557,800 CAD
Price Per Unit	$173,089 CAD
Sale Type	Investment
No. Units	9
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	B
Lot Size	0.69 AC
Building Size	7,558 SF
Average Occupancy	100%
No. Stories	2
Year Built	1930
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.