Active

$2,200,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 6148 sq ft
Overview
  • ID: MFRO6419367
  • Bedrooms:
  • Bathrooms: 0
  • Size: 6148 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$2,200,000
HOA Fee:
N/A
Tax Amount:
$9979.91
Price per SqFt:
$324.96
Tax Legal Description:
CEDAR RIDGE VILLAS PB M-19 LOT 5 OR 5221/2911
Exterior Features
Lot Size:
15246
Lot Features:
City Limits, Neighbourhood, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central
Cooling:
Central Air
Appliances:
Dishwasher, Dryer, Refrigerator, Washer
Furnished:
No
Floor:
Laminate, Tile, Vinyl
Levels:
Two
Additional Features
Property Sub Type:
Multi-Family 5+
Style:
N/A
Year Built:
1983
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    6816 SW 4TH PL
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