$1,699,000 • living size area 12296 sqft

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!

Multi Family - CEDAR RIDGE VILLAS for Sale

Basics

Features

Description

Similar Properties in this Area