Two Quads For Sale - Downtown High Springs, FL
8 Units, Downtown High Springs, FL. 15 minutes North of Gainesville. Fully occupied.
Marketing description
Fully occupied and centrally located brick quadruplexes (8 units) in the rapidly growing High Springs, FL market for sale. 98% financial occupancy in trailing 12 months. These quads offer a rare combination of location, condition, and stable occupancy. Very limited competing apartment inventory nearby. Both quads are being offered together at $900,000 ($450,000/quad).
Located in High Springs, Florida — named the "Friendliest Small Town" by Floridian magazine and known as the "Gateway to the Springs" — this 8-unit portfolio offers the perfect blend of small-town charm and strong investment fundamentals. Situated just 20 miles northwest of Gainesville, High Springs has become a sought-after housing destination for all kinds of professionals, providing a deep, stable tenant pool with a median household income of $94,421. Since 2020, the population has grown by 10%, making it one of the fastest growing Florida markets.
All 8 units are 1 bedroom/1 bathroom at 656 SF each, spread across two single-story brick buildings totaling 5,248 SF on 0.68 acres. Every unit is currently occupied with leases in place. In-place rents average $933/unit/month. Market rents in the area easily justify higher rental rates, allowing for an immediate income boost without having to do any improvements. Both buildings are professionally managed. Units are individually metered, Tenants pay all utilities.
At $450,000 per quadruplex, this is an attractively priced entry into a rapidly growing market with strong demographic tailwinds.
Investment highlights
- Robust Demographic Tailwinds and Rental Demand - High Springs is experiencing strong, steady expansion as part of the broader Gainesville Metropolitan Area
- Population Growth: The city's population is growing at an annual rate of 1.82%, yielding an impressive 10%+ increase since 2020. This consistent influx creates a reliable pool of new renters
- Strong Income Profile: The area boasts a high median household income of $94,421. Over 81% of the local workforce holds professional or administrative roles, ensuring a highly qualified, stable tenant base with low default risk
- The 'Friendliest Small Town' Factor: Tenants are highly attracted to High Springs' historic, walkable downtown footprint. Proximity to local landmarks—like the High Springs Brewing Company, boutique antique districts, and local dining—can drive premium rental rates
- Active Lifestyle Appeal: Proximity to O'Leno State Park and extensive hiking/biking trail networks appeals directly to the active, health-conscious demographics migrating to North Central Florida
- Gainesville Commuter Belt: Located just 15 minutes northwest of Gainesville, High Springs serves as a primary bedroom community for professionals working at the University of Florida (UF) and UF Health Shands Hospital
- Arbitrage Pricing: Investors can capture tenants who want to escape dense city living but need a manageable 25-minute commute, allowing the property to command strong rents
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