About 422 Sw 69th Street
Virtually Staged. One or more photo(s) was virtually staged. Exceptional Turnkey Investment Opportunity in Booming Gainesville, FL! I'm 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.
Features of 422 Sw 69th Street
| MLS® # | O6419379 |
|---|---|
| Price | $2,200,000 |
| Square Footage | 6,148 |
| Acres | 0.34 |
| Year Built | 1984 |
| Type | Commercial Sale |
| Sub-Type | Multi Family (5+) |
| Status | Active |
Listing Details
| Office | BLAIR REALTY GROUP INC |
|---|
Listing Map
Neighborhood Information for 422 Sw 69th Street
Growing Population, High Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Myra Terwilliger Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
1 Miles | |
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Oak Hall School Private - Preschool to 12Th Grade - Closest Middle School |
1 Miles | |
|
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Oak Hall Lower School Private - Preschool to 5Th Grade |
1 Miles | |
|
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Siatech Gainesville Charter High School Public - 9Th Grade to 12Th Grade |
1 Miles | |
|
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Gainesville Country Day School Private - Preschool to 5Th Grade |
1 Miles | |
|
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Florida Autism Center - Gainesville Private - Kindergarten to 2Nd Grade |
1 Miles | |
|
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Brentwood School Private - Preschool to 5Th Grade |
1 Miles |
School data provided by GreatSchools