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5 Min From UF I Gainesville U7 Mixed-Use | Add Doors or Redevelop | 320K

6 Beds / 3 Baths • 2,614 SqFt

Available

Offer Submission Deadline

House Type Single Family House
Bedrooms 6
Bathrooms 3
Year Built 1924
Approx.SqFt. 2614
Lot size SqFt. 2614
Garage No Garage

Description

Deal Summary Purchase Price:

Asking / Purchase Price: 320k
Earnest Money Deposit (EMD): 5,000
Closing Date: 1/8/2026 Occupancy:
Vacant Access: Limited
Title Company: Clear to Close Title Services, Inc.
Proof of Funds: Required

Zoning: U7 (Urban Mixed-Use) — supports small-scale multifamily (2–4 units/building) + broader multifamily and many commercial/office uses. Gainesville, Florida

Deal Snapshot

Address: 103 NE 11th St, Gainesville, FL 32601
Parcel: 11998-000-000
Target Buyer: Value-add multifamily / small developer / mixed-use investor
Core Advantage: U7 allows you to increase doors and/or redevelop (by-right intensity is strong).

https://www.gainesvillefl.gov/files/assets/public/v/1/sustainable-development/documents/article-iv_20170720.pdf

Exit Strategy 1 — Value-Add Conversion (Fastest path to profit)

Play: Convert/reconfigure the existing improvements into 3–4 legal units (where feasible) and stabilize rents.

U7 explicitly permits “Multi-family, small-scale (2–4 units per building)” and “Multi-family dwelling.”
Optional upside: permitted Accessory Dwelling Unit is shown as allowed i
Exit: Stabilize → sell based on NOI (or DSCR refi + hold).

Exit Strategy 4 — Redevelopment / Land Value (Developer upside)

Play: Market as a redevelopment site under U7 intensity.

Residential density (max units/acre): U7 = 50 du/ac by right / 60 du/ac with SUP
Height: U7 = 4 stories by right / 6 with bonus
Max height: U7 = 60 ft by right / 88 ft with bonus
Door-count expansion potential (2–4 unit-by-right path in U7)
Mixed-use flexibility (office/retail/restaurant and more are in the U7 permitted use table—site-dependent standards apply)
Strong by-right density + height envelope for redevelopment buyers

Next Steps

Contact us if you need more information
Schedule a property walkthrough (if applicable)
Make an offer directly on this page
Sign assignment agreement or a straight direct agreement
Send EMD within 3 hours of signing the agreement
Lock up the Deal
Make MONEY and REPEAT :)

For questions or making a deal happen, call me,

George ‪(954) 282-1367‬

Disclaimers

IMPORTANT: This listing represents an assignment of a purchase contract or direct contract as Double Close (if applicable), not a direct property sale. Buyer is responsible for conducting their own due diligence. All information provided is believed to be accurate, but not guaranteed. This opportunity is offered to qualified real estate investors only. This is not a retail property listing, and no real estate agent relationships are implied or established through this marketing material.

Time-sensitive opportunity - this contract is being offered to multiple investors.