1236 NW 4th Ave., Gainesville, FL 32601

Investor opportunity right across from the university, new Publix and new Target. Home needs to be renovated. Multi-family zoning. Corner lot 82 x 77. University Heights North Historic District. Current zoning is RMF-5, which allows up to 12 units per acre. The City''s proposed new zoning (associated with the Land Development Code update in process) for the parcel is T-4 M1, which is an Urban Mixed-Use 1 category that allows up to 50 dwelling units per acre. Under the proposed Code, there would be a parking requirement of 1 space per 3 bedrooms. Home is currently set up as a duplex with two kitchens, 1 bedroom, bath and a living room on one side and 2 bedrooms and 1 bath on the other side. The house is a Contributing Structure to NW Historic District. Owner financing available with large down payment. An offer has been accepted. Waiting on due diligence. Back up offers accepted.