6816 SW 4TH PL, GAINESVILLE, FL, 32607
$1,699,000
Residential Income
Living Area
12,296 Sqft
Lot Size
15,246 Sqft
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!
Property Details
Property Features Property Features
MLS ID: MFRO6274431 Year Built: 1983
Appliances: Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer Construction Materials: Block, Concrete
Cooling: Central Air Country: US
Exterior Features: Other Financial Data Source: Owner
Foundation Details: Slab Heating: Electric
Laundry Features: Laundry Closet Lease Term: Twelve Months
Listing Agreement: Exclusive Right To Sell Property Sub Type: Multi-Family
Property Type: Residential Income Road Surface Type: Asphalt
Roof: Shingle Sewer: Public Sewer
Showing Requirements: Appointment Only Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Public Water Source: Public
We love to hear from you