Twitter
Facebook
Email
|
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.
| DAYS ON MARKET | 30 | LAST UPDATED | 6/24/2026 |
|---|---|---|---|
| TRACT | CEDAR RIDGE VILLAS | YEAR BUILT | 1984 |
| COMMUNITY | 32607 - Gainesville | COUNTY | Alachua |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Jun 24, '26 | $220,000 |
|---|---|
| Jun 24, '26 - Today | $2,200,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Refrigerator, Washer |
| AREA | 32607 - Gainesville |
| CONSTRUCTION | Block |
| HEAT | Central |
| LOT | 0.34 acre(s) |
| LOT DESCRIPTION | Landscaped, Paved |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | CEDAR RIDGE VILLAS |
| TAXES | 10057.42 |
| UTILITIES | Electricity Available, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Marilyn
Kuczynski to contact you even if your name is on a Federal or State
"Do not call List".
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 7/23/26 11:44 PM PDT.
This IDX solution is (c) Diverse Solutions 2026.