Under contract-accepting backup offers. Fantastic opportunity to purchase this charming three-bedroom, one-bathroom home situated in the heart of Grove Street in Gainesville, FL. Currently rented at $1,650 per month, this property offers immediate income potential. It is also located in the Enterprise Zone, this is a delineated area in the City limits that’s purpose is to promote development so credits are given to reduce some permitting fees. The home features three bedrooms, one bathroom, spacious fenced-in backyard and is zoned U3 (Urban 3), which allows residential and non-residential uses. Ranging from Mulit-family (2-4 units per building), bed and breakfast establishment, day care center (special use permit approval), public park and more! U3 allows up to 20 units per acre and buildings up to three stories high. This prime location is blocks to local attractions, such as the Hawthorne Trail, Grove Street Farmers Market, multiple gyms, The Afternoon Restaurant, yoga studios, and Cypress & Grove Brewery. Plus downtown Gainesville is just one mile away. The University of Florida and Shands Hospital is a short 1.7 miles away, and 1.7 miles to Depot Park. The property is also just half a mile from a Publix shopping center, Gainesville's Classic Mac's Drive-Thru, and 0.8 miles to Tom Petty Park. This is an ideal location where owning a car is not a necessity.