6816 SW 4TH PL, GAINESVILLE, FL, 32607
$2,200,000
Commercial Sale
Living Area
6,148 Sqft
Lot Size
15,246 Sqft
Virtually Staged. Stabilized 16-Unit Multifamily Portfolio | 8.3% Current Cap Rate | Gainesville, FL Incredible opportunity to acquire a 94% occupied, high-yielding investment property spread across two contiguous 8-unit parcels. Features eight 1BR/1BA and eight 2BR/2BA units with immediate organic upside to market rents. Recent ownership-funded capital improvements include partial roof repairs, brand-new HVAC systems, appliance upgrades, and a fully renovated modern unit. Strong cash flow anchored by premium VA and other government housing programs. Located entirely in Flood Zone X with no HOA fees. Unbeatable location off I-75, just 8 minutes from North Florida Regional Medical Center and under 15 minutes to the University of Florida campus. Act fast to add this turnkey cash-cow to your commercial portfolio! Contact listing agent for the full OM.
Property Details
Property Features Property Features
MLS ID: MFRO6419367 Year Built: 1983
Appliances: Dishwasher, Dryer, Refrigerator, Washer Construction Materials: Block
Cooling: Central Air Country: US
County Or Parish: Alachua Flooring: Laminate, Tile, Vinyl
Foundation Details: Slab Heating: Central
Income Includes: Rent Only Levels: Two
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Commercial Financing
Lot Features: City Limits, Neighbourhood, Paved Occupant Type: Tenant
Possession: Close Of Escrow Property Condition: Completed
Property Sub Type: Multi-Family 5+ Property Type: Commercial Sale
Road Frontage Type: City Street Road Responsibility: Public Maintained Road
Road Surface Type: Paved Roof: Shingle
Security Features: Smoke Detector(s) Sewer: Public Sewer
Showing Requirements: Appointment Only Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: BB/HS Internet Capable, Electricity Available, Public, Water Connected Vegetation: Trees/Landscaped
Water Source: Public
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