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6816 SW 4th Place

Gainesville, FL 32607
  • $1,699,000
  • STATUS: Pending
  • ON SITE: 18 Days
  • MLS #: O6274431
Pending
UPDATED: 26 min ago
$1,699,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,296
    SQFT
  • $138
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1983
County:
Area:

School Ratings & Info

Description

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!

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© 2025 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2025-02-11T12:46:23.03.
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6816 SW 4th Place Gainesville, FL 32607

  • Price: $1,699,000
  • Status: Pending
  • On Site: 18 Days
  • Updated: 26 min ago
  • MLS #: O6274431
0
Beds
0
Baths
0
½ Baths
0.35
Acres
12,296
SQFT
$138
$/SQFT
1983
Built
Neighborhood:
Cedar Ridge Villas
County:
Alachua
Area:
Gainesville
Property Description
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!
Exterior Features

Carport Yn No Construction Materials BlockConcrete Exterior Features Other Foundation Details Slab Pool Private Yn No Road Surface Type Asphalt Roof Shingle Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Appliances DishwasherDryerElectric Water HeaterRangeRefrigeratorWasher Cooling Central Air Cooling YN Yes Fireplace Yn No Heating Electric Heating YN Yes Interior Features Ceiling Fan(s) Laundry Features Laundry Closet Sewer Public Sewer Water Source Public

Property Features

Annual Expenses 48629 Annual Net Income 156079 Association Approval Required Yn No Association Yn No Cdd Yn No Est Annual Market Income 180000 Flood Zone Code X Garage Yn No Lease Considered YN Yes Lease Restrictions YN No Lease Term 12 Months Minimum Lease 7 Months New Construction Yn No Ownership Fee Simple Property Sub Type Multi Family Required Remarks Under contract-accepting backup offers. Senior Community Yn No Special Listing Conditions None Tax Annual Amount 15405 Total Annual Fees 0 Total Monthly Fees 0 Utilities Public Zoning R-3


Listing information © 2025 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of HPL REALTY INVESTMENTS: 407-440-4032.



© 2025 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2025-02-11T12:46:23.03.
 
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