Overview
- Multi-Family 5+, Commercial Sale
- 6778 Sqft
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
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Address: 422 SW 69TH STREET
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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 6:21 pm-
Property ID HZO6419379
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Price $2,200,000
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Property Size 6778 Sqft
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Land Area 0.34 Acres
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Year Built 1984
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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
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County Alachua
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Property Type Commercial Sale
Mortgage Calculator
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