6816 Sw 4th Place, Gainesville, FL 32607
- $2,200,000
- 6,148
- SqFt
- List Price
- $2,200,000
- Status
- ACTIVE
- MLS#
- O6419367
- Living Area
- 6,148
- Subdivision
- Cedar Ridge Villas
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.
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Additional Information
- Year Built
- 1983
- Construction
- Block
- Living Area
- 6,148
- Acres
- 0.35
- Cooling
- Central Air
- Heating
- Central
- Sewer
- Public Sewer
- Stories
- 2
Listing courtesy of BLAIR REALTY GROUP INC.
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