18580 NW 234TH ST, HIGH SPRINGS, FL, 32643
$900,000
Commercial Sale
Living Area
5,248 Sqft
Lot Size
29,629 Sqft
Fully occupied and centrally located brick quadruplexes in the rapidly growing High Springs, FL market for sale. These quads feature a rare combination of location, condition, and stable occupancy. Very limited competing apartment inventory nearby. Both quads are being offered together at $900,000 ($450,000/quad). Located in High Springs, Florida — named the "Friendliest Small Town" by Floridian magazine and known as the "Gateway to the Springs" — this 8-unit portfolio offers the perfect blend of small-town charm and strong investment fundamentals. Situated just 20 miles northwest of Gainesville, High Springs has become a sought-after housing destination for all kinds of professionals, providing a deep, stable tenant pool. All 8 units are 1 bedroom/1 bathroom at 656 SF each, spread across two single-story brick buildings totaling 5,248 SF on 0.68 acres. Every unit is currently occupied with leases in place. In-place rents average $933/unit/month. Both buildings are professionally managed. Units are individually metered, tenants pay all utilities. Debt/Insurance quotes and financials available for review.
Property Details
Property Features Property Features
MLS ID: MFRGC541996 Year Built: 1981
Construction Materials: Brick Cooling: Central Air
Country: US County Or Parish: Alachua
Flooring: Carpet, Tile Foundation Details: Slab
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Other
Property Sub Type: Multi-Family 5+ Property Type: Commercial Sale
Road Frontage Type: City Street Road Surface Type: Asphalt
Showing Requirements: Appointment Only, Call Listing Agent Special Listing Conditions: None
Standard Status: Active State Or Province: FL
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