
$2,200,000
6816 SW 4th Pl
Details
Property Type Multifamily
Sub Type Apartment Building
Units 16
Cap Rate 8.30%
Occupancy 94%
Multifamily | 8.30% CAP | 16 Units
Marketing description
Virtually Staged. Stabilized 16-Unit Multifamily Portfolio | 8.3% Current Cap Rate | Gainesville, FL Incredible opportunity to acquire a 94% occupied, high-yielding investment property spread across two contiguous 8-unit parcels. Features eight 1BR/1BA and eight 2BR/2BA units with immediate organic upside to market rents. Recent ownership-funded capital improvements include partial roof repairs, brand-new HVAC systems, appliance upgrades, and a fully renovated modern unit. Strong cash flow anchored by premium VA and other government housing programs. Located entirely in Flood Zone X with no HOA fees. Unbeatable location off I-75, just 8 minutes from North Florida Regional Medical Center and under 15 minutes to the University of Florida campus. Act fast to add this turnkey cash-cow to your commercial portfolio! Contact listing agent for the full OM.
Directions: From Archer Rd & I-75, go north on I-75 to Newberry Rd, go left onto Newberry, go left on NW 75th Ave, take a left on SW 8th Ave, take a left on SW 67th Terrance, take a left on SW 4th Pl, 3rd building on the right. Leave the parking lot, go right, turn left on SW 69th St, 2nd building on right is 422 SW 69th St
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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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