6816 Sw 4th Place, Gainesville, FL 32607
- $2,200,000
- 6,148
- SqFt
- List Price
- $2,200,000
- Status
- Active
- Days on Market
- 35
- MLS#
- O6419367
- Property Style
- Multi-Family 5+
- Year Built
- 1983
- Living Area
- 6,148
- Lot Size
- 15,246
- Acres
- 0.35
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Cedar Ridge Villas
- MLS Area Major
- Gainesville
Property Description
Virtually Staged. Stabilized 16-Unit Multifamily Portfolio | 8.3% Current Cap Rate | Gainesville, FL Incredible opportunity to acquire a 94% occupied, high-yielding investment property spread across two contiguous 8-unit parcels. Features eight 1BR/1BA and eight 2BR/2BA units with immediate organic upside to market rents. Recent ownership-funded capital improvements include partial roof repairs, brand-new HVAC systems, appliance upgrades, and a fully renovated modern unit. Strong cash flow anchored by premium VA and other government housing programs. Located entirely in Flood Zone X with no HOA fees. Unbeatable location off I-75, just 8 minutes from North Florida Regional Medical Center and under 15 minutes to the University of Florida campus. Act fast to add this turnkey cash-cow to your commercial portfolio! Contact listing agent for the full OM.
Additional Information
- Taxes
- $9979
- Location
- City Limits, Neighbourhood, Paved
- Community Features
- No Deed Restriction
- Property Description
- Two Story
- Zoning
- R-3
- Floor
- Laminate, Tile, Vinyl
- Appliances
- Dishwasher, Dryer, Refrigerator, Washer
- Utilities
- BB/HS Internet Capable, Electricity Available, Public, Water Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 06655-070-005
- Legal Description
- CEDAR RIDGE VILLAS PB M-19 LOT 5 OR 5221/2911
Listing courtesy of BLAIR REALTY GROUP INC. 407-210-3944
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