422 SW 69TH ST, Gainesville, FL 32607
422 SW 69TH ST, Gainesville, FL 32607
422 SW 69TH ST, Gainesville, FL 32607
9
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$2,200,000
Est. payment /mo
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6,148 SqFt
New

422 SW 69TH ST Gainesville, FL 32607

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Morgan Ellis

Morgan Ellis

+1(727) 521-7378

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 6,148 sqft

Price per Sqft $357

Subdivision Cedar Ridge Villas

MLS Listing ID O6419379

Construction Status Completed

HOA Y/N No

Year Built 1984

Annual Tax Amount $10,057

Lot Size 0.340 Acres

Acres 0.34

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property 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.

Location

State FL

County Alachua

Community Cedar Ridge Villas

Area 32607 - Gainesville

Zoning R-3

Interior

Heating Central

Cooling Central Air

Flooring Laminate, Tile

Appliance Dishwasher, Dryer, Refrigerator, Washer

Exterior

Utilities Available BB/HS Internet Capable, Electricity Available, Public, Water Connected

Roof Type Shingle

Building

Lot Description City Limits, Landscaped, Neighbourhood, Paved

Story 2

Entry Level Two

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Construction Status Completed

Others

Ownership Fee Simple

Acceptable Financing Cash, Commercial Financing

Listing Terms Cash, Commercial Financing

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6419379

Stellar MLS
© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by Reuben Simmonds, Jr BLAIR REALTY GROUP INC

NEARBY SCHOOLS & PROPERTIES

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Morgan Ellis

Morgan Ellis

Broker | License ID: BK3246748

+1(727) 521-7378

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422 SW 69TH ST