Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177
6816 4th Place, GAINESVILLE, FL 32607
  • MLS#: O6274431 ( Residential Income )
  • Street Address: 6816 4th Place
  • Viewed: 35
  • Price: $1,699,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1983
  • Bldg sqft: 0
  • Days On Market: 30
  • Additional Information
  • Geolocation: 29.6489 / -82.4155
  • County: ALACHUA
  • City: GAINESVILLE
  • Zipcode: 32607
  • Subdivision: Cedar Ridge Villas
  • Provided by: HPL REALTY INVESTMENTS
  • Contact: Moshe Sheffi
  • 407-440-4032
  • mfrmls
  • DMCA Notice
  • Description
    Explore your income generating properties situated in the heart of Gainesville! These two exclusive apartment buildings feature a total of sixteen units, offering a rare opportunity for complete control without any HOA fees. The units comprise 8 two bedroom/one bathroom layouts and 8 one bedroom/ one bathroom layouts.Recent partial renovations, excluding two units, include updates to floors, paint, baseboards, toilets, and other cosmetic enhancements. Half of the AC units are less than 6 years old, with the remainder older. Strategically positioned, the property is just minutes away from shopping and dining, conveniently located off SR75 South to Orlando and North to Tallahassee, 8 minutes from North Florida Hospital and approximately 45 minutes from the University of Florida, providing unmatched convenience and access to the city's vibrant amenities.Despite its prime location, current leases are below market value, offering a promising opportunity to increase returns. Fully occupied with tenants including Section 8, VA, and open market renters, these units present an attractive option for investors seeking stable cash flow. Updated interiors ensure tenant satisfaction and minimal upkeep, allowing for seamless portfolio growth.Don't miss this outstanding chance to own sixteen income producing properties. Take control of your financial future with this profitable investment opportunity. Schedule a viewing today and discover effortless property ownership at its finest!
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Features
Appliances
  1. Dishwasher
  2. Dryer
  3. Electric Water Heater
  4. Range
  5. Refrigerator
  6. Washer
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Other
Garage Spaces
  1. 0.00
Heating
  1. Electric
Interior Features
  1. Ceiling Fans(s)
Legal Description
  1. CEDAR RIDGE VILLAS PB M-19 LOT 5 OR 4478/1237
Living Area
  1. 12296.00
Area Major
  1. 32607 - Gainesville
Net Operating Income
  1. 0.00
Parcel Number
  1. 06655-070-005
Property Type
  1. Residential Income
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2023
Township
  1. 10
Utilities
  1. Public
Views
  1. 35
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/O6274431
Water Source
  1. Public
Year Built
  1. 1983
Zoning Code
  1. R-3
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Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177