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!
Multi-familyProperty Type
1983Year Built
0.35 acresLot Size
$140Price/Sq.Ft.
Listed by Moshe Sheffi• HPL REALTY INVESTMENTS
Contact: 321-945-2367
Bought with Reuben Simmonds, Jr• BLAIR REALTY GROUP INC
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
2
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
0.35 Acres
Year renovated
1995
Sq. Ft.
6,148
Year built
1983
Style
Other
County
Alachua County
APN
06655-070-005
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 9, 2026.
R-3
Multiple-family, High Density District
The multiple-family residential zoning districts implement the Urban Residential policies of the Future Land Use Element of the Comprehensive Plan. Multi-family districts shall be allowed only in those areas designated Medium, Medium-High, or High Density Residential on the Future Land Use Map. Exemptions to the minimum density of a parcel may be approved by the DRC if it is determined that environmental site constraints, infrastructure constraints, or parcels of limited scale preclude achieving the gross density.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Student
Park & open space
Sep 10, 2026 • Active
Plumbing
Remove and replace an electric water heater with a similar model.
Plumbing
Water heater
Dec 16, 2009 • Final
Roofing
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Virtual Tour
Laundry Room Information
Laundry Features: Laundry Closet
Heating & Cooling
Heating Information: Electric
Cooling Information: Central Air
Interior Features
Interior Features: Ceiling Fans(s)
Appliances: Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
Exterior
Building Information
Construction Materials: Block, Concrete
Roof: Shingle
Exterior Features
Exterior Features: Other
Property Features
Universal Property Id: US-12001-N-06655070005-R-N
Waterfront Information
Waterfront Feet Total: 0
Water View Y/N: 0
Water Access Y/N: 0
Water Extras Y/N: 0
Property Information
Total Num Buildings: 2
CDD Y/N: 0
Property Type: Residential Income
Property Sub Type: Multi Family
Has Additional Parcels
Zoning: R-3
Land Information
Total Acreage: 1/2 to less than 1
Lot Information
Number Of Lots: 2
Lot Size Acres: 0.35
Road Surface Type: Asphalt
Lot Size Square Meters: 1416
Financial
Tax Information
Tax Annual Amount: $15,405
Tax Year: 2023
Lease / Rent Details
Lease Restrictions YN: 0
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Utilities: Public
Location
Multi-Family Financial Information
Gross Income: $205,356
Est Annual Market Income: 180000.00
Annual Net Income: 156079.00
Annual Expenses: 48629
Multi-Unit Information
Unit Number YN: 0
# of Units (Total): 16
HOA Information
MFR_Association2YN: 0
Association Approval Required Y/N: 0
Location Information
Directions: From Turnpike North on I-75 north, Take Exit 26 to W Newberry Rd, take left(W) left on NW75 St, Left on SW8th Ave the Left on SW 67 terrace and Left on SW 4th Place.
Community Information
Development: Cedar Ridge
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 6,148
Stories: 2.0
Lot Size: 0.35 acres
Style: Other
Year Built: 1983
Year Renovated: 1995
County: Alachua County
APN: 06655-070-005
Home facts updated by county records on Sep 8, 2026
Other
Miscellaneous Information
Third Party YN: 1
Listing Information
Attribution Contact: 321-945-2367
Previous Status: Pending
Backups Requested YN: 1
Listing Date Information
Days to Contract: 62
Status Contractual Search Date: 2025-07-01
Listing Price Information
Calculated List Price By Calculated Sq Ft: 138.18
Home Information
Living Area: 12296
Living Area Units: Square Feet
Living Area Source: Public Records
Living Area Meters: 1142.34
Building Area Units: Square Feet
Foundation Details: Slab
Around this home
Schools
Myra Terwilliger Elementary School
Public PreK-5 • Assigned • 4.0mi
3/10
Fort Clarke Middle School
Public 6-8 • Assigned • 2.4mi
7/10
F. W. Buchholz High School
Public 9-12 • Assigned • 2.2mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
8/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 108° expected this year, 21 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
3/10 Air Factor
4 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Gainesville, FL • 32607
Average low and high temperatures (°F)
65
40
72
47
78
54
84
60
89
67
91
72
92
75
90
74
88
71
81
63
77
54
69
48
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Sun exposure
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Property information provided by Stellar MLS as Distributed by MLS Grid when last listed in 2025. This data may not match public records. Learn more.
Listing provided courtesy of: BLAIR REALTY GROUP INC
Listing agent: Reuben Simmonds Jr
Based on information submitted to the MLS GRID as of Wed Sep 16 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.