$2,200,000
Cedar Ridge Villas Portfolio
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,540
Units 16
Cap Rate 8.30%
Occupancy 94%
Tenancy Multi
Year Built 1983
Buildings 2
Zoning MFR
Investment Type Stabilized
422 SW 69TH ST, Gainesville, FL 32607
Marketing description
Virtually Staged. Exceptional Turnkey Investment Opportunity in Booming Gainesville, FL! Blair Realty Group, Inc. is 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.
Investment highlights
Virtually Staged. Exceptional Turnkey Investment Opportunity in Booming Gainesville, FL!
Blair Realty Group, Inc. is pleased to present the Cedar Ridge Villas Portfolio—a stabilized, 94% occupied 16-unit multifamily portfolio offered at a competitive 8.30% current Cap Rate.
INVESTMENT HIGHLIGHTS:
- Low Owner Overhead: Tenants pay 100% of their own utilities (water and electricity), minimizing landlord operational expenses.
- Financing Flexibility: Comprising two contiguous, legally distinct 8-unit parcels, this portfolio provides an investor with immense structural and financing flexibility.
- Recession-Resilient Revenue: Strong, stable income anchored by premium, government-backed programs, including contracted VA supportive housing leases ($2,000/mo for 2BR units).
- Mitigated CapEx: Recent ownership-funded improvements include partial roof repairs, new HVAC systems, a down-to-the-studs renovation of unit 422-G, and widespread appliance upgrades.
- Low Friction Asset: Located entirely in FEMA Flood Zone X with NO HOA fees.
The asset features a perfectly balanced unit mix of eight 1BR/1BA (~573 SF) and eight 2BR/2BA (~850 SF) units. Situated just minutes from I-75, North Florida Regional Medical Center, and the University of Florida, this portfolio is primed for long-term growth.
Complete Offering Memorandum available upon request.
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Zoning
R-3 ResidentialMulti FamilyMultiple Family High Density Residential
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View all 147 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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