422 Sw 69th St, Gainesville, Florida 32607

  • $2,200,000
  • $220,000

Overview

Property ID: HZO6419379
  • Multi-Family 5+, Commercial Sale
  • Property Type
  • 6778 Sqft
  • Area Size

Description

Virtually Staged. Exceptional Turnkey Investment Opportunity in Booming Gainesville, FL! Blair Realty Group, Inc. is pleased to present the Cedar Ridge Villas Portfolio—a stabilized, 94% occupied 16-unit multifamily portfolio offered at a competitive 8.3% current Cap Rate. Comprising two contiguous, legally distinct 8-unit parcels, this portfolio provides an investor with immense structural and financing flexibility. The asset features a perfectly balanced unit mix of eight 1BR/1BA (~675 SF) and eight 2BR/2BA (~875 SF) units. Capital expenditures have been heavily mitigated with recent ownership-funded improvements, including partial roof repairs, new HVAC systems, a down-to-the-studs renovation of unit 422-G, and widespread appliance upgrades. The property benefits from strong, recession-resilient income, including contracted VA supportive housing leases ($2, 000/mo for 2BR units) and other government program. Located entirely in FEMA Flood Zone X with NO HOA, the portfolio boasts low operational friction and sits just minutes from I-75, North Florida Regional Medical Center, and the University of Florida. Complete Offering Memorandum available upon request.

  • Address: 422 SW 69TH STREET
  • City: Gainesville
  • State/county: FL
  • Zip/Postal Code: 32607
  • Country: US

Details

Updated on June 29, 2026 at 6:21 pm
  • Property ID HZO6419379
  • Price $2,200,000
  • Property Size 6778 Sqft
  • Land Area 0.34 Acres
  • Year Built 1984
  • Property Type Multi-Family 5+, Commercial Sale
  • Property Status Active

Additional details

  • Listing Terms Cash, Commercial Financing
  • Roof Shingle
  • Utilities BB/HS Internet Capable, Electricity Available, Public, Water Connected
  • Sewer Public Sewer
  • Cooling Central Air
  • Heating Central
  • Flooring Laminate, Tile
  • County Alachua
  • Property Type Commercial Sale

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Jamie Stevens

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