Steal of a Deal! Hurry—Gainesville 5/2.5 on Double Lot, Largest Within Miles!

Address: 1821 NE 28th Ave, Gainesville, FL 32609
Asking Price: $235,000
ARV: $365,000
Off-market
5 Beds | 2.5 Baths | Attached In-Law Suite
Property size: 2,188 sqft
Lot Size: 1 Acre
Year Built: 1968
Rent Estimate: $2,601/mo
Access: by appointment
Link for more details and photos.
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This rare property in NE Gainesville is packed with opportunity! Featuring 5 bedrooms, 2.5 bathrooms, a new galvanized steel roof (2023), a large circular driveway, mature trees, and a fully fenced yard. The property sits on nearly an acre, partially bordering city-owned land.

💡 Bonus: Includes an attached mother-in-law suite with a private entrance. This is ideal for house hacking or rental income!

🔧 Rehab/Condition Notes:
- Fascia damage present
- AC is from 1998
- Piping not updated
- Roof: Galvanized steel, new in 2023
- Insurance roof claim in process – potential drop in coverage by July 2025
- Electrical panel updated in 2015
- Hot water heater replaced in 2015

💵 Mortgage Details:
- Balance: $123K at 3.29% interest (Rocket Mortgage)
- Monthly Payment: $968 (includes escrow, taxes, PMI)
-Owner's pension: $2,848/month

📍 Location Perks:
- Minutes from Smokey Bear Park, local shops, and major roads.