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.
6,148 Sq Ft
0.34 Private Acres Lot Size
commercial
$838 Monthly Tax
Built in 1984
MLS/Listing ID O6419379
2 Stories
8 Units
Laminate
Tile
Cooling - Central Air
Construction - Block
Dishwasher
Dryer
Refrigerator
Washer
Public Water
Public Sewer
Shingle
Lot - Neighbourhood
Lot - City Lot
Slab
Lot - Landscaped
TOTAL MONTHLY COST
$0
$0
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