Shelly Zeisel
Property Description
Virtually Staged. Exceptional Turnkey Investment Opportunity in Booming Gainesville, FL! Blair Realty Group, Inc. is pleased to present the Cedar Ridge Villas Portfolio-a 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.
Property Features
Feature Descriptions
Listed By / Shown By
Listed By
Agency Name: BLAIR REALTY GROUP INC
Agency Contact: 407-210-3944
Shown By
Agent Name: Shelly Zeisel
Agent Phone: (904) 449-3505
Agency Title: Watson Realty Corp., REALTORS ®
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422 SW 69th Street | MLS# O6419379
This commercial property located at 422 SW 69th Street, Gainesville, FL 32607 is currently listed for sale with an asking price of $2,200,000. Search Gainesville real estate on shellyzeisel.watsonrealtycorp.com today.