$2,200,000
Active · 5 days on market · MLS# MFRO6419367
| Living area | 6,148 sq ft |
|---|---|
| Lot size | 0.35 acres |
| Year built | 1983 |
| Property type | Multi-Family 5+ |
| Waterfront | Yes |
| Annual taxes | $9,980 |
| County | Alachua |
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.
Listing courtesy of Reuben Simmonds, Jr, BLAIR REALTY GROUP INC. Presented by MC Homes Realty Inc · 727432218.