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
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
- Listing updated with changes from the MLS®
- Status changed to Closed







