Commercial property in High Springs, Florida 4 bedrooms, 243.78 sq.m. № 2157825

Commercial property in High Springs, Florida 4 bedrooms, 243.78 sq.m. № 2157825
ID2157825 $ 450 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £
2157825

Property description

This quadruplex is being offered together with an identical, adjacent quadruplex (same address, Parcel #: 00567-000-000). Both quads must be purchased together. Fully occupied and centrally located brick quadruplexes in the rapidly growing High Springs, FL market for sale. These quads feature a rare combination of location, condition, and stable occupancy. Very limited competing apartment inventory nearby. Both quads are being offered together at $900,000 ($450,000/quad). Located in High Springs, Florida - named the Friendliest Small Town by Floridian magazine and known as the Gateway to the Springs - this 8-unit portfolio offers the perfect blend of small-town charm and strong investment fundamentals. Situated just 20 miles northwest of Gainesville, High Springs has become a sought-after housing destination for all kinds of professionals, providing a deep, stable tenant pool. All 8 units are 1 bedroom/1 bathroom at 656 SF each, spread across two single-story brick buildings totaling 5,248 SF on 0.
68 acres. Every unit is currently occupied with leases in place. In-place rents average $933/unit/month. Both buildings are professionally managed. Units are individually metered, tenants pay all utilities. Debt/Insurance quotes and financials available for review.
MLS #: GC542058
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CityHigh Springs
Address18580 NW 234TH STREET UNIT 5-8
TypeCommercial property
Bedrooms4
Living space243.78 m²
  • sq. ft
Completion dateIV quarter, 1981
Price
  • Price
  • per m²
$ 450 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £
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