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Virtually Staged. Stabilized 16-Unit Multifamily Portfolio | 8.3% Current Cap Rate | Gainesville, FL Incredible opportunity to acquire a 94% occupied, high-yielding investment property spread across two contiguous 8-unit parcels. Features eight 1BR/1BA and eight 2BR/2BA units with immediate organic upside to market rents. Recent ownership-funded capital improvements include partial roof repairs, brand-new HVAC systems, appliance upgrades, and a fully renovated modern unit. Strong cash flow anchored by premium VA and other government housing programs. Located entirely in Flood Zone X with no HOA fees. Unbeatable location off I-75, just 8 minutes from North Florida Regional Medical Center and under 15 minutes to the University of Florida campus. Act fast to add this turnkey cash-cow to your commercial portfolio! Contact listing agent for the full OM.
| DAYS ON MARKET | 30 | LAST UPDATED | 6/24/2026 |
|---|---|---|---|
| TRACT | CEDAR RIDGE VILLAS | YEAR BUILT | 1983 |
| COMMUNITY | 32607 - Gainesville | COUNTY | Alachua |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Refrigerator, Washer |
| AREA | 32607 - Gainesville |
| CONSTRUCTION | Block |
| HEAT | Central |
| LOT | 0.35 acre(s) |
| LOT DESCRIPTION | Paved |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | CEDAR RIDGE VILLAS |
| TAXES | 9979.91 |
| UTILITIES | Electricity Available, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Reuben Simmonds, Jr, BLAIR REALTY GROUP INC, 407-210-3944
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 7/24/26 12:28 AM PDT.
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