$1,699,000 pending
6816 sw 4th place , gainesville, FL 32607
| Beds 0 | Baths 0 | 12,296 Sqft | 0.35 Acres |
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Property Description
Under contract-accepting backup offers. 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!
General Information
Sale Price: $1,699,000
Price/SqFt: $138
Status: Pending
MLS#: O6274431
City: gainesville
Post Office: gainesville
County: Alachua
Subdivision: cedar ridge villas
Acres: 0.35
Bedrooms:0
Bathrooms:0
House Size: 12,296 sq.ft.
Acreage: 0.35 est.
Year Built: 1983
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road: Asphalt
Garage: No
Construction: Block, Concrete
Exterior Misc: Other
Basement: No
Foundation : Slab
Appliances: Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
Cooling: Central Air
Heating: Electric
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $15,405
Legal Description: CEDAR RIDGE VILLAS PB M-19 LOT 5 OR 4478/1237
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Moshe Sheffi of HPL REALTY INVESTMENTS, Phone: 407-440-4032
