Virtually Staged. One or more photo(s) was virtually staged. Exceptional Turnkey Investment Opportunity in Booming Gainesville, FL! I'm pleased to present the Cedar Ridge Villas Portfolioa stabilized, 94% occupied 16-unit multifamily portfolio offered at a competitive 8.3% current Cap Rate. Comprising two contiguous, legally distinct 8-unit parcels, this portfolio provides an investor with immense structural and financing flexibility. The asset features a perfectly balanced unit mix of eight 1BR/1BA (~675 SF) and eight 2BR/2BA (~875 SF) units. Capital expenditures have been heavily mitigated with recent ownership-funded improvements, including partial roof repairs, new HVAC systems, a down-to-the-studs renovation of unit 422-G, and widespread appliance upgrades. The property benefits from strong, recession-resilient income, including contracted VA supportive housing leases ($2,000/mo for 2BR units) and other government program. Located entirely in FEMA Flood Zone X with NO HOA, the portfolio boasts low operational friction and sits just minutes from I-75, North Florida Regional Medical Center, and the University of Florida. Complete Offering Memorandum available upon request.
| MLS # | O6419379 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-family 5+ |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1984 |
| Days On Site | 83 |
| Listing Provided By | BLAIR REALTY GROUP INC | Reuben Simmonds, Jr |
| SQ Feet | 6,148 |
|---|---|
| Story(s) | 2 |
| Units | 8 |
| Zoning | R-3 |
| Acreage | 0.34 |
| Property | 10057 |
|---|
| State | FL |
|---|---|
| County | Alachua |
| City | GAINESVILLE |
| Zip Code | 32607 |
| Area | 32607 Gainesville |
| Community Name | CEDAR RIDGE VILLAS |
| Listing VS Median (in CEDAR RIDGE VILLAS) | |
Price: $2,200,000 low | high Med: $2,200,000 sqft: 6,148 low | high Med: 6,148 $ / sqft: $358 low | high Med: $358 On site: 83 low | high Med: 83 | |
| State | FL |
|---|---|
| County | Alachua |
| City | GAINESVILLE |
| Zip Code | 32607 |
| Area | 32607 Gainesville |
| Community Name | CEDAR RIDGE VILLAS |
| Listing VS Median (in CEDAR RIDGE VILLAS) | |
Price: $2,200,000 low | high Med: $2,200,000 sqft: 6,148 low | high Med: 6,148 $ / sqft: $358 low | high Med: $358 On site: 83 low | high Med: 83 | |
![]() | $2,200,0006816 Sw 4th PlGainesville, FL 32607 |