Active

6816 SW 4TH PL

GAINESVILLE FL, 32607

$1,699,000


$138.18 per sqft

Active

12,296 sqft

Multi-family

Built in 1983

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!

O6274431

MLS ID

January 23, 2025

Listed

February 13, 2025

Updated

Interior Features

Interior Features

Ceiling Fans(s)


Appliances

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


Laundry Description

Laundry Closet


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.35 Acres


Exterior Features

Other


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

32607 - Gainesville


Taxes

$15,405


Tax Frequency

Annually


Days on Market

7


Association Fee Frequency

Monthly


Garage

No


View

No


County

Alachua


Municipality

10


Water Source

Public


Pool

No


Utilities

Public


Zoning

R-3

Listing History

Date

Event

Price

2/13/2025

Active

2/6/2025

Pending

2/2/2025

Active

1/29/2025

Pending

Listed by HPL REALTY INVESTMENTS
Listing Contact: 321-945-2367 

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Data last updated 2/13/2025, 9:17 PM UTC

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