Overview
- Multi-Family 5+, Commercial Sale
- 6770 Sqft
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.
Address
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Address: 6816 SW 4TH PLACE
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City: Gainesville
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State/county: FL
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Zip/Postal Code: 32607
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Country: US
Details
Updated on June 29, 2026 at 6:23 pm-
Property ID HZO6419367
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Price $2,200,000
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Property Size 6770 Sqft
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Land Area 0.35 Acres
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Year Built 1983
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Property Type Multi-Family 5+, Commercial Sale
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Property Status Active
Additional details
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Listing Terms Cash, Commercial Financing
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Roof Shingle
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Utilities BB/HS Internet Capable, Electricity Available, Public, Water Connected
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Sewer Public Sewer
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Cooling Central Air
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Heating Central
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Flooring Laminate, Tile, Vinyl
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County Alachua
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Property Type Commercial Sale
Mortgage Calculator
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