SQUARE FEET6,770
MLS#O6419367
STATUSActive
PROPERTY TYPECommercial - Multiple
SUBDIVISIONCEDAR 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.
Property Features
Property Type: Commercial - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.35 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $9,979
Year Built: 1983
Feature Descriptions
Appliances: Dishwasher, Dryer, Refrigerator, Washer
Days on Site: 1
Directions: From Archer Rd & I-75, go north on I-75 to Newberry Rd, go left onto Newberry, go left on NW 75th Ave, take a left on SW 8th Ave, take a left on SW 67th Terrance, take a left on SW 4th Pl, 3rd building on the right. Leave the parking lot, go right, turn
Exterior: Block
Flood Zone Code: X
Flooring: Laminate, Tile, Vinyl
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Commercial Financing
Lot: City Limits, Neighbourhood, Paved
Lot Dimensions: 0.35
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sale Includes: Building(s) and Land, Leases
Security: Smoke Detector(s)
Sewer: Public Sewer
Showing Instructions: Appointment Only
Special Sale Provisions: None
Units: 8
Utilities: BB/HS Internet Capable, Electricity Available, Public, Water Connected
Vegetation: Trees/Landscaped
Water: Public
Water Access Y/N: No
Zoning: R-3
Listed By / Shown By
Listed By
Agency Name: BLAIR REALTY GROUP INC
Agency Contact: 407-210-3944
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
6816 SW 4th Place | MLS# O6419367
This commercial property located at 6816 SW 4th Place , Gainesville, FL 32607 is currently listed for sale with an asking price of $2,200,000. Search Gainesville real estate on www.realtymark.net today.