6816 SW 4TH PL, Gainesville, FL 32607
6816 SW 4TH PL, Gainesville, FL 32607
6816 SW 4TH PL, Gainesville, FL 32607
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$2,200,000
Est. payment /mo
6,148 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 6,148 sqft

Price per Sqft $357

Subdivision Cedar Ridge Villas

MLS Listing ID O6419367

Construction Status Completed

HOA Y/N No

Year Built 1983

Annual Tax Amount $9,979

Lot Size 0.350 Acres

Acres 0.35

Property Sub-Type Multi-Family 5+

Source Stellar MLS

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.

Location

State FL

County Alachua

Community Cedar Ridge Villas

Area 32607 - Gainesville

Zoning R-3

Interior

Heating Central

Cooling Central Air

Flooring Laminate, Tile, Vinyl

Appliance Dishwasher, Dryer, Refrigerator, Washer

Exterior

Utilities Available BB/HS Internet Capable, Electricity Available, Public, Water Connected

Water Access No

Roof Type Shingle

Building

Lot Description City Limits, Neighbourhood, Paved

Story 2

Entry Level Two

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Construction Status Completed

Others

Ownership Fee Simple

Acceptable Financing Cash, Commercial Financing

Listing Terms Cash, Commercial Financing

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6419367


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Stellar MLS
Listed by Reuben Simmonds, Jr BLAIR REALTY GROUP INC

Nearby School & Business

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Marc George

Marc George

+1(407) 702-4307

TEAM LEADER | SLSL3188045

TEAM LEADER SLSL3188045

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