Listed by CBRE - Jacksonville
Unpriced
Archer Court
Details
APN 06775-000-000
Property Type Multifamily
Sub Type Apartment Building
Units 72
Cap Rate 7.25%
Occupancy 93%
Tenancy Multi
Year Built 1977
Buildings 7
Stories 1
Acreage 3.857
Zoning RMF-8 (Multiple-Family Residential)
Parking Spaces 111 spaces
Investment Type Value Add
Multifamily | 72 Units
Marketing description
CBRE, as the exclusive listing agent, is proud to offer Archer Court, a 72-unit, single-story, walk-up apartment community located in Gainesville, Florida. Strategically positioned at 3001 SW Archer Rd in Gainesville's Archer Submarket, Archer Court provides residences with easy access to the University of Florida, the UF Health system, Butler Town Center, and I-75.
Investment highlights
- CLICK HERE FOR DEAL ROOM
- The Property is located on Old Archer Road, Gainesville's premier commercial corridor, connecting the University of Florida, the UF Health system, Butler Town Center, and I-75.
- With growing population and only two multifamily development projects planned (476 units), Gainesville remains structurally undersupplied, providing long-term tailwinds to multifamily owners.
- With normalized expenses of $6,169 per unit, the Property is being offered at an implied cap rate of 7.25% at current pricing guidance, well above where similar size and vintage properties have sold as of late.
- The Property presents significant organic rent growth opportunity with $248 per unit in upside to leased rents, achievable through lease turnover with minimal capital improvement.
Listing Contacts
Listed by CBRE - Jacksonville
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Zoning
RMF8 ResidentialMulti FamilyMultifamily Residential
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View all 27 uses
View all 27 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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