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SoldMulti FamilySold

6816 SW 4th Place

Gainesville, FL 32607

$1,720,000

  • 12,296Sq Ft
  • $140Per Sq Ft
  • 0.35Acres
  • 1983Built
Subdivision
Cedar Ridge Villas
County
Alachua
MLS®
O6274431

Overview

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!

Listing Snapshot

Price
$1,720,000
Days On Site
N/A
Bedrooms
N/A
Inside Area (SqFt)
12,296 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
0
Lot Size
0.35 Acres
Year Built
1983
MLS® Number
O6274431
Status
Sold
Property Tax
$15,405 (2023)
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Public Records

Property Details

General Features

6 items
Acres
0.35
Foundation
Slab
Property Sub Type
Multi Family
Sewer
Public Sewer
Water Source
Public
Zoning
R-3

Interior Features

4 items
Appliances
Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
Cooling
Central Air
Heating
Electric
Laundry Features
Laundry Closet

Exterior Features

3 items
Construction Details
Block, Concrete
Exterior
Other
Roof
Shingle

Community Features

3 items
MLS Area
32607 - Gainesville
Township
10
Roads
Asphalt

Location

6816 SW 4th Place, Gainesville, FL 32607 · 32607 - Gainesville

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Neighborhood & Commute

ZIP Code 32607

Median household income
$54,787
Income per person
$32,914
Households
15,652
Average household size
2.23
Median age
27.9

Source: Walk Score.

Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.

Price & Status History

  1. Listing updated with changes from the MLS®
  2. Status changed to Closed

Friends & Family

Listing courtesy of HPL REALTY INVESTMENTS (321) 945-2367

Stellar MLS

Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.

Last checked: 2026-11-10 03:03 AM EST

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