3643 E University Ave
Gainesville, FL 32641

$1,395,000 USD

Land For Sale • 11.18 AC

Property Details

Property Type Land
Lot Size 11.18 AC
Zoning RMF5

0 Transit Score

24 Walk Score

Description

Very Good location on divided highway not far from University of Florida.

Multi family zoned land in good location is being sold for $16,000-$18,000 per unit with water & sewer to the site.
Therefore, 134 units @ $16,000 is $2,144,000.  Water connection cost will be nominal. Sewer however is estimated at $400K
Therefore the sales price and sewer cost is  $1,795,000.($13,395 per unit)

                
                    Highlights
                
                                MULTI FAMILY LAND NEAR UNIVERSITY OF FLORIDA
                            
                                11.18 ACRES - +/-134 CONDOS
                            
                                ON MAIN DIVIDED HIGHWAY