668 NE 16TH TERRACE GAINESVILLE FL 32641 MLS #GC526472

668 NE 16TH TERRACE
GAINESVILLE, FL, 32641
$159,900
4 Beds
1.5 Baths
2,640 SqFt
0.16 Acres
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Investor opportunity. This 2,600 square foot range “shell” is being offered for sale with the lot that borders the property on the North side. Current owner originally had ideas to convert this structure into a duplex. Though not currently reflected on the County Property appraiser site, owner had talks with the City of Gainesville. They were reportedly amenable to putting multi-family or single family homes with Adu’s on both lots. For an experienced investor, the shell is worth it to keep. Beyond that, it will truly be a full renovation/restoration job. There is opportunity here for someone with vision, know how, & resources. Seller highly prefers to sell the lot with the shell & the adjoining lot together, but if sold separately, he is asking 134,900 for the lot with the shell & 24,900 for the lot bordering on the North. Call for more information & to discuss. Seller is an experienced investor. Do not be afraid to make reasonable offers. Keep in mind seller is motivated, but not desperate or a fool. Let’s make a win/win happen with this opportunity. Call today to discuss. (Seller is not willing to consider owner financing at this time.) Cash only.

Property Details

Price:
$159,900
MLS #:
GC526472
Status:
Active
Beds:
4
Baths:
1.5
Address:
668 NE 16TH TERRACE
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
NEW GV ROSEMARY SUB REP
Neighborhood:
32641 – Gainesville
City:
GAINESVILLE
Listed Date:
Nov 24, 2024
State:
FL
Finished Sq Ft:
2,640
Total Sq Ft:
2,640
ZIP:
32641
Lot Size:
6,970 sqft / 0.16 acres (approx)
Year Built:
1948
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Schools

Interior

Appliances
None
Bathrooms
1 Full Bathroom, 1 Half Bathroom
Cooling
None
Flooring
Hardwood
Heating
Other
Laundry Features
Other

Exterior

Construction Materials
Block, Concrete
Exterior Features
Other
Roof
Shingle

Financial

Tax Year
2023
Taxes
$3,132

Map

Community

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668 NE 16TH TERRACE
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