Overview
Description
Virtually Staged. One or more photo(s) was 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.
Virtual Tour
Address
- Street6816 4TH
- CityGainesville
- SubdivisionCEDAR RIDGE VILLAS
- CountyAlachua
- StateFL
- Zip32607
- MLS #O6419367
Interior
- AppliancesDishwasher, Dryer, Refrigerator, Washer
- Bathrooms Total Integer0
- CoolingCentral Air
- CoolingYes
- FlooringLaminate, Tile, Vinyl
- HeatingCentral
- HeatingYes
- LevelsTwo
- Living Area6,148
- Living Area SourcePublic Records
- Living Area UnitsSquare Feet
- Security FeaturesSmoke Detector(s)
Exterior
- Lot FeaturesCity Lot, Neighbourhood
- Lot Size Acres0
- Lot Size Area15,246
- Lot Size Square Feet15,246
- Lot Size UnitsSquare Feet
- Road Frontage TypeStreet Paved, City Street
- Road Surface TypePaved
- RoofShingle
Structure
- Building Area Total6,770
- Construction MaterialsBlock
- Foundation DetailsSlab
- Number Of Buildings1
- Number Of Units Total8
- Property ConditionCompleted
- Stories Total2
- Year Built1983
Utilities
- SewerPublic Sewer
- UtilitiesBB/HS Internet Capable, Electricity Available, Public, Water Connected
- Water SourcePublic
Financial
- Cap Rate8
- Parcel Number06655070005
- Tax Annual Amount9,980
- Tax Book NumberM-19
- Tax Legal DescriptionCEDAR RIDGE VILLAS PB M-19 LOT 5 OR 5221/2911
- Tax Lot5
- Tax Year2025
- ZoningR-3
Location
- CountryUnited States
- County Or ParishAlachua
- DirectionsFrom Archer Rd & I-75, go north on I-75 to Newberry Rd, go left onto Newberry, go left on NW 75th Ave, take a left on SW 8th Ave, take a left on SW 67th Terrance, take a left on SW 4th Pl, 3rd building on the right. Leave the parking lot, go right, turn left on SW 69th St, 2nd building on right is 422 SW 69th St
- Latitude30
- Longitude-82
- MLS Area Major32607 - Gainesville
- Postal Code32607
- Street Direction PrefixSW
- Street Name4TH
- Street Number6816
- Street Number Numeric6,816
- Street SuffixPLACE
- Subdivision NameCEDAR RIDGE VILLAS
- Unparsed Address6816 SW 4TH PLACE
Listing Info
- Contract Status Change DateJune 24, 2026
- Cumulative Days On Market57
- Days On Market57
- List AOROrlando Regional
- List Agent AOROrlando Regional
- List Agent Email[email protected]
- List Agent Full NameReuben Simmonds, Jr
- List Agent Key1281066ccc1b3aeb9eb3fc585de85528
- List Agent MLS ID261067114
- List Agent Preferred Phone407-782-1067
- List Office Keycdf6fb086348b95ee1c988186d853e88
- List Office MLS ID261010934
- List Office NameBLAIR REALTY GROUP INC
- List Office Phone407-210-3944
- List Price2,200,000
- Listing Contract DateJune 24, 2026
- Listing IDO6419367
- Listing Key3990db83f7bc155a33ac35fe5887c7a6
- Listing TermsCash
- MLS StatusActive
- Modification TimestampAugust 20, 2026
- On Market DateJune 24, 2026
- Original Entry TimestampJune 24, 2026
- Original List Price2,200,000
- Originating System Keystellar
- Originating System NameStellar MLS
- OwnershipFee Simple
- Photos Change TimestampAugust 20, 2026
- Photos Count10
- Source System Key794374008
- Special Listing ConditionsNone
- Status Change TimestampJune 24, 2026
Features & Amenities
Mortgage Calculator
- Principal & interest
- Property tax
- Home insurance
- PMI
- HOA dues
Estimates only and not a loan offer. Taxes, insurance and rates vary — confirm with a lender.
Meet your agent
Reuben Simmonds, Jr
Listing Agent · BLAIR REALTY GROUP INC
Get in touch
Office · 407-210-3944
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