$450,000
Active · 3 days on market · MLS# MFRGC542058
| Bedrooms | 4 |
|---|---|
| Living area | 2,624 sq ft |
| Lot size | 0.34 acres |
| Year built | 1981 |
| Property type | Quadruplex |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $5,601 |
| County | Alachua |
This quadruplex is being offered together with an identical, adjacent quadruplex (same address, Parcel #: 00567-000-000). 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.
Listing courtesy of Joe Klenck, THE MULTIFAMILY ADVISORS. Presented by MC Homes Realty Inc · 727432218.