6816 SW 4TH PL new Save Request In-Person Tour Request Virtual Tour
Gainesville,FL 32607
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,296 sqft
Price per Sqft $138
Subdivision Cedar Ridge Villas
MLS Listing ID O6274431
HOA Y/N No
Originating Board Stellar MLS
Year Built 1983
Annual Tax Amount $15,405
Lot Size 0.350 Acres
Acres 0.35
Property Description
Explore your income-generating properties situated in the heart of Gainesville! These two exclusive apartment buildings feature a total of sixteen units, offering a rare opportunity for complete control without any HOA fees. The units comprise 8 two-bedroom/one-bathroom layouts and 8 one-bedroom/ one-bathroom layouts.Recent partial renovations, excluding two units, include updates to floors, paint, baseboards, toilets, and other cosmetic enhancements. Half of the AC units are less than 6 years old, with the remainder older. Strategically positioned, the property is just minutes away from shopping and dining, conveniently located off SR75 South to Orlando and North to Tallahassee, 8 minutes from North Florida Hospital and approximately 45 minutes from the University of Florida, providing unmatched convenience and access to the city's vibrant amenities.Despite its prime location, current leases are below market value, offering a promising opportunity to increase returns. Fully occupied with tenants including Section 8, VA, and open market renters, these units present an attractive option for investors seeking stable cash flow. Updated interiors ensure tenant satisfaction and minimal upkeep, allowing for seamless portfolio growth.Don't miss this outstanding chance to own sixteen income-producing properties. Take control of your financial future with this profitable investment opportunity. Schedule a viewing today and discover effortless property ownership at its finest!
Location
State FL
County Alachua
Community Cedar Ridge Villas
Zoning R-3
Interior
Interior Features Ceiling Fans(s)
Heating Electric
Cooling Central Air
Fireplace false
Appliance Dishwasher,Dryer,Electric Water Heater,Range,Refrigerator,Washer
Laundry Laundry Closet
Exterior
Exterior Feature Other
Utilities Available Public
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None