Active

$449,900

Features:
  • 8 Bedrooms
  • 4 Bathrooms
  • 1800 sq ft
Overview
  • ID: MFRGC535112
  • Bedrooms: 8
  • Bathrooms: 4
  • Size: 1800 sq ft
Property Details
Remarks
Discover this exceptional four-unit income property in Northwest Gainesville! Each of the four self-contained units is thoughtfully designed with 2 bedrooms and 1 bath, and in-unit laundry. Located in a high-demand rental area, 15 minutes from UF, Shands, and the VA, this property offers both convenience and value. With consistent occupancy rates and market rents continuing to rise, the building delivers steady income with upside potential through rental increases or minor upgrades. AC has been replaced in 2017, two units in 2019, and one in 2021. Three of the units are rented ($990, $990, and $900). The interiors for all 4 units have been updated and appliances were purchased in 2023 and 2025. Whether you’re expanding your portfolio or looking for a turnkey property with proven returns, this quadruplex represents a solid investment opportunity with reliable performance and minimal management hassle.
Financial Considerations
Price:
$449,900
HOA Fee:
308
Tax Amount:
$2973.45
Price per SqFt:
$249.94
Tax Legal Description:
PINERIDGE II PB J-37 LOT 33 OR 4115/1378 & OR 4264/0976, PINERIDGE II PB J-37 LOT 34 OR 4115/1378 & OR 4264/0976
Exterior Features
Lot Size:
4792
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
8
Bathrooms:
4
Heating:
Electric
Cooling:
Central Air
Appliances:
N/A
Furnished:
Yes
Floor:
N/A
Levels:
One
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1978
Construction Type:
Brick
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Sidewalk
Additional Features 2:
N/A
Map
  • Address
    5811 NW 23RD TER #A, B, C, D
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