Virtually Staged. One or more photo(s) was 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.
| MLS # | O6419367 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-family 5+ |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1983 |
| Days On Site | 81 |
| Listing Provided By | BLAIR REALTY GROUP INC | Reuben Simmonds, Jr |
| SQ Feet | 6,148 |
|---|---|
| Story(s) | 2 |
| Units | 8 |
| Zoning | R-3 |
| Acreage | 0.35 |
| Property | 9979 |
|---|
| State | FL |
|---|---|
| County | Alachua |
| City | GAINESVILLE |
| Zip Code | 32607 |
| Area | 32607 Gainesville |
| Community Name | CEDAR RIDGE VILLAS |
| Listing VS Median (in CEDAR RIDGE VILLAS) | |
Price: $2,200,000 low | high Med: $2,200,000 sqft: 6,148 low | high Med: 6,148 $ / sqft: $358 low | high Med: $358 On site: 81 low | high Med: 81 | |
| State | FL |
|---|---|
| County | Alachua |
| City | GAINESVILLE |
| Zip Code | 32607 |
| Area | 32607 Gainesville |
| Community Name | CEDAR RIDGE VILLAS |
| Listing VS Median (in CEDAR RIDGE VILLAS) | |
Price: $2,200,000 low | high Med: $2,200,000 sqft: 6,148 low | high Med: 6,148 $ / sqft: $358 low | high Med: $358 On site: 81 low | high Med: 81 | |
![]() | $2,200,000422 Sw 69th StGainesville, FL 32607 |