6816 Southwest 4th Place

Description:

Blair Realty Group, Inc. is pleased to present the Cedar Ridge Villas Portfolio—a stabilized, 94% occupied 16-unit multifamily portfolio offered at a highly competitive 8.30% in-place Cap Rate. Located in the economically resilient university market of Gainesville, Florida, this turnkey investment asset avoids the volatility of high-turnover student housing by catering strictly to a stable local workforce.
The physical asset base comprises two identical, contiguous low-rise concrete block buildings located directly at 422 SW 69th Street, Gainesville, FL 32607 and 6816 SW 4th Place, Gainesville, FL 32607. Each property holds an identical, perfectly balanced unit mix: eight 1BR/1BA (~573 SF) units and eight 2BR/2BA (~850 SF) units. Because the portfolio comprises these two legally distinct 8-unit parcels, it provides an incoming investor with immense strategic and financing flexibility, optimizing the asset for advantageous residential-commercial or traditional commercial bank executions.
Heavy capital expenditures have been comprehensively mitigated by current ownership, with recent improvements including partial roof repairs, brand-new individual HVAC systems, extensive appliance upgrades, and a complete down-to-the-studs modernization of unit 422-G. The asset offers immediate organic rental upside to push remaining below-market leases to true market rates.

Located entirely in FEMA Flood Zone X with NO HOA fees, the property features a streamlined, low-overhead operational framework. Tenants pay 100% of their own utilities (water and electricity directly), effectively insulating the landlord from inflating utility expenses. The revenue stream is strongly anchored by premium, long-term government programs, including contracted VA supportive housing leases yielding $2,000/mo for the 2-bedroom configurations. Positioned just minutes from the I-75 transport corridor, HCA Florida North Florida Regional Medical Center, and the core University of Florida campus, this portfolio represents an exceptional defensive cash-flow addition.