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Key Details
Sold Price $188,500
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 880 sqft
Price per Sqft $214
Subdivision J B Bailey Estate
MLS Listing ID GC522507
Sold Date 11/29/24
Bedrooms 3
Full Baths 1
Construction Status Appraisal,Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1948
Annual Tax Amount $2,786
Lot Size 7,840 Sqft
Acres 0.18
Property Description
Fantastic opportunity to purchase this charming three-bedroom, one-bathroom home situated in the heart of Grove Street in Gainesville, FL. Currently rented at $1,650 per month, this property offers immediate income potential. It is also located in the Enterprise Zone, this is a delineated area in the City limits that’s purpose is to promote development so credits are given to reduce some permitting fees. The home features three bedrooms, one bathroom, spacious fenced-in backyard and is zoned U3 (Urban 3), which allows residential and non-residential uses. Ranging from Mulit-family (2-4 units per building), bed and breakfast establishment, day care center (special use permit approval), public park and more! U3 allows up to 20 units per acre and buildings up to three stories high. This prime location is blocks to local attractions, such as the Hawthorne Trail, Grove Street Farmers Market, multiple gyms, The Afternoon Restaurant, yoga studios, and Cypress & Grove Brewery. Plus downtown Gainesville is just one mile away. The University of Florida and Shands Hospital is a short 1.7 miles away, and 1.7 miles to Depot Park. The property is also just half a mile from a Publix shopping center, Gainesville's Classic Mac's Drive-Thru, and 0.8 miles to Tom Petty Park. This is an ideal location where owning a car is not a necessity.
Location
State FL
County Alachua
Community J B Bailey Estate
Zoning U3
Interior
Interior Features Primary Bedroom Main Floor, Thermostat
Heating Electric
Cooling Central Air
Flooring Carpet, Ceramic Tile, Laminate
Fireplace false
Appliance Dishwasher, Range, Refrigerator
Laundry In Kitchen
Exterior
Exterior Feature Rain Gutters
Utilities Available Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
View Garden, Trees/Woods
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description Cleared
Story 1
Entry Level One
Foundation Crawlspace, Pillar/Post/Pier
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Other
New Construction false
Construction Status Appraisal,Inspections
Schools
Elementary Schools Carolyn Beatrice Parker Elementary
Middle Schools Westwood Middle School-Al
High Schools Gainesville High School-Al
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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