918 Nw 4th Place, Gainesville, FL 32601
- $450,000
- 3
- BD
- 3
- BA
- 1,846
- SqFt
- List Price
- $450,000
- Status
- ACTIVE
- Days on Market
- 10
- MLS#
- GC542483
- Subtype
- Residential Income
- Style
- One Story
- Year Built
- 1958
- Bedrooms
- 3
- Bathrooms
- 3
- Living Area
- 1,846
- Lot Size
- 5,227
- Acres
- 0.12
- Subdivision
- Browns Addition
- MLS Area Major
- Gainesville
Property Description
Exceptional Investment & Development Opportunity! Rare opportunity to own a single family home and duplex situated on U4 (Urban 4) zoned parcel, offering immediate rental income and exciting long-term redevelopment potential. The U4 zoning district is designed to encourage walkable urban development and provides flexible building standards that may appeal to investors, builders, and developers. U4 zoning also allows up to 3 stories (42 feet maximum height), 0-foot interior side setbacks (subject to utilities and easements), and rear setbacks of 3 feet with an alley or 10 feet without. Accessory Dwelling Units (ADUs) are permitted, allowing one attached and one detached ADU per parcel, provided a primary residence remains on the property and all applicable City standards are met. The parcel is not located within a historic district, though buyers should verify any requirements with the City due to the age of the existing structures. Whether you're looking to continue operating the existing rental, expand your investment portfolio, or explore future redevelopment opportunities, this property offers exceptional flexibility in a highly desirable location. Buyers are encouraged to verify all zoning regulations, permitted uses, development standards, and future plans with the City of Gainesville. For buyers seeking an extraordinary investment opportunity, the adjacent properties are also available 907 NW 4th Place (triplex) and 908 NW 4th Place (single family).
Additional Information
- Interior Features
- Other
- Exterior Features
- Fence
- Financing
- Cash
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- U4
- Appliances
- Electric Water Heater, Range
- Heating
- Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Stucco
- Exterior Features
- Fence
- Levels
- One
- Roof
- Shingle
- Foundation
- Slab
- Parking
- Off Street, Open
- Parking Features
- Off Street, Open
- Garage Features
- Off Street, Open
- Elementary School
- Carolyn Beatrice Parker Elementary
- Middle School
- Westwood Middle School-Al
- High School
- Gainesville High School-AL
- View
- City
Listing courtesy of BHHS FLORIDA REALTY. 352-225-4700
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