18580 NW 234TH ST #1-4, HIGH SPRINGS, FL, 32643
$450,000
Residential Income
Bedrooms
4
Bathrooms
4
Living Area
2,624 Sqft
Lot Size
14,810 Sqft
This quadruplex is being offered together with an identical, adjacent quadruplex (same address, Parcel #: 00568-000-000). Both quads must be purchased together. 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: MFRGC542057 Year Built: 1981
Construction Materials: Brick Cooling: Central Air
Country: US County Or Parish: Alachua
Exterior Features: None Foundation Details: Slab
Heating: Central Laundry Features: Electric Dryer Hookup, Washer Hookup
Levels: One Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional, Other Other Equipment: None
Possession: Close Of Escrow Property Sub Type: Quadruplex
Property Type: Residential Income Road Surface Type: Asphalt
Roof: Shingle Sewer: Septic Tank
Showing Requirements: Appointment Only Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Electricity Connected Water Source: Public
We love to hear from you