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Pending
  • $1,699,000

    6816 SW 4th Pl, Gainesville, FL 32607

    --beds
    0baths
    12,296sqft
    : 
    Multi Family
    Built in 1983
    -- sqft lot
    $1,576,600 Zestimate®
    $138/sqft
    $-- HOA

    What's special

    Updated interiorsCosmetic enhancementsUpdates to floors
    Under contract-accepting backup offers. 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!
    95 days
    on Zillow
    |
    27
    |
    0
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 07, 2025 at 09:20am

    Listing Provided by:

    Moshe Sheffi 321-945-2367,

    HPL REALTY INVESTMENTS 407-601-6057

    Source: Stellar MLS,MLS#: O6274431MLS LogoOriginating MLS: Orlando Regional

    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
    • Laundry: Laundry Closet
    Features
    • Ceiling Fan(s)
    • Has fireplace: No
    Interior area
    • Total interior livable area: 12,296 sqft
    Video & virtual tour

    Property

    Features
    • Exterior features: Other
    Lot
    • Size: 0.35 Acres
    Details
    • Additional parcels included: 06655-070-009
    • Parcel number: 06655070005
    • Zoning: R-3
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Block, Concrete
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1983

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public

    Community & HOA

    Community
    • Subdivision: CEDAR RIDGE VILLAS
    HOA
    • Has HOA: No
    • Pet fee: $0 monthly
    Location
    • Region: Gainesville

    Financial & listing details

    • Price per square foot: $138/sqft
    • Annual tax amount: $15,405
    • Date on market: 1/23/2025
    • Ownership: Fee Simple
    • Lease term: 12 Months
    • Total actual rent: 17113
    • Road surface type: Asphalt
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