Active

$749,000

Features:
  • 4 Bedrooms
  • 3 Bathrooms
  • 1616 sq ft
Overview
  • ID: MFRGC535993
  • Bedrooms: 4
  • Bathrooms: 3
  • Size: 1616 sq ft
Property Details
Remarks
Zoned Multi-Family High Density (U-5), this site offers a rare infill development opportunity with direct access off University Avenue between NW 15th Street and NW 17th Street. The site currently operates as a fully leased triplex, providing immediate in-place cash flow while an investor evaluates redevelopment or densification options. The configuration of the parcel provides potential for a clean lot split, offering flexibility for phased construction or multiple development outcomes. Located just four blocks from the University of Florida’s main campus—and only minutes from Ben Hill Griffin Stadium—this location sits at the core of student demand and walkability. The land is level, functional, and ready for new construction, making it ideally suited for high-density multifamily or student housing expansion. Seller has a strong preference for owner financing, creating an attractive structure for investors seeking flexible terms and reduced upfront capital requirements. Exceptional development potential this close to campus is increasingly scarce, and opportunities like this rarely reach the market.
Financial Considerations
Price:
$749,000
HOA Fee:
N/A
Tax Amount:
$9416.32
Price per SqFt:
$463.49
Tax Legal Description:
LEONARD S/D LOT 55 PB A-44 COM SW COR LOT 4 E 208.3 FT POB N 138.4 FT E 92.43 FT S 138.4 FT W 92.43 FT POB OR 3168/ 0204 & OR 4236/0680
Exterior Features
Lot Size:
12632
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
3
Heating:
Other
Cooling:
Other
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Triplex
Style:
N/A
Year Built:
1949
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
N/A
Map
  • Address
    1618 NW 4TH AVE
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