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6816 SW 4th Place

Gainesville, FL

Listing Details

  • $2,200,000
  • MLS# O6419367
  • Type Commercial - Multiple
  • Status Active
  • 6,770
    Square Feet
  • 0.350 acres
    Lot Size
  • 1983
    Year Built

Description

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.... Read more 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.

Key Features

No amenity information available.

View All Features
6816 SW 4th Place
Gainesville, FL 32607
Subdivision
CEDAR RIDGE VILLAS
County
Alachua

Contact the Agent

Luxury Homes Specialist
Contact the Listing Agent
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All Property Features

  • Property Type: Commercial - Multiple
  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Cooling: Central Air
  • Days on Site: 53
  • 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
  • Heating: Central
  • Home Warranty Y/N: No
  • Listing Terms: Cash, Commercial Financing
  • Lot Description: City Limits, Neighbourhood, Paved
  • Lot Dimensions: 0.35
  • Lot Size: 0.35 Acres
  • Ownership: Fee Simple
  • Property Attached Y/N: No
  • Property Sub-Type: Multi-Family 5+
  • Roof Type: Shingle
  • Sale Includes: Building(s) and Land, Leases
  • Security: Smoke Detector(s)
  • Sewer: Public Sewer
  • Showing Instructions: Appointment Only
  • Special Sale Provisions: None
  • Stories: 2.0
  • Taxes: $9,979
  • Units: 8
  • Utilities: BB/HS Internet Capable, Electricity Available, Public, Water Connected
  • Vegetation: Trees/Landscaped
  • Water: Public
  • Water Access Y/N: No
  • Year Built: 1983
  • Zoning: R-3