Homes for sale - 6816 SW 4TH PL, Gainesville, FL 32607

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Seth Rowlands

sethrowlands@yahoo.com +1(407) 796-1932

$1,699,000

Est. payment - /mo

12,296 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 12,296 sqft

Price per Sqft $138

Subdivision Cedar Ridge Villas

MLS Listing ID O6274431

HOA Y/N No

Year Built 1983

Annual Tax Amount $15,405

Lot Size 0.350 Acres

Acres 0.35

Property Sub-Type Multi Family

Source Stellar MLS

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!

Location

State FL

County Alachua

Community Cedar Ridge Villas

Area 32607 - Gainesville

Zoning R-3

Interior

Interior Features Ceiling Fans(s)

Heating Electric

Cooling Central Air

Fireplace false

Appliance Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer

Laundry Laundry Closet

Exterior

Exterior Feature Other

Utilities Available Public

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Block,Concrete

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6274431

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Listed by HPL REALTY INVESTMENTS

Learn More About LPT Realty

Seth Rowlands

+1(407) 796-1932

6816 SW 4TH PL Gainesville, FL 32607

Seth Rowlands

Key Details

Location

Interior

Exterior

Building

Others

Learn More About LPT Realty

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6816 SW 4TH PL