Listed by Marcus & Millichap - RPH Multifamily Group
Unpriced
Arbor Park & Bivens Cove
Details
APN 15699-048-000, 15699-048-001, 07334-000-000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 468,402
Units 442
NOI $3,688,219
Occupancy 88%
Pro-Forma NOI $5,254,047
Year Built 1967 & 1972
Buildings 44
Stories 3
Acreage 26.170
Zoning U8, U7
442 Units in Gainesville | Two Property Portfolio
Marketing description
OFFERING MEMORANDUM AND FINANCIALS AVAILABLE VIA ‘Due Diligence’ BUTTON.
Please reach out to Ned Roberts ([email protected]) to discuss the deal.
Investment highlights
- 442-unit market rate multifamily portfolio offering representing significant market scale, accounting for 3.29% of all Class B/C apartment stock in Gainesville, Florida
- Gainesville is home to University of Florida, ranked #1 among the top universities in the nation in The Wall Street Journal’s “The University Elite, Reconsidered” 2025 publication
- Portfolio proximity, with assets located just five minutes apart, offering management efficiency
- Concrete block construction throughout
- Majority of units are unrenovated, providing upside opportunity for buyer
- Properties are offered collectively; individual property offers will be considered
Listing Contacts
Listed by Marcus & Millichap - RPH Multifamily Group
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$3,688,219.00
$307,351.58/mo
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