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422 SW 69th St
For Sale $2,200,000 ($357.84 per Sq Ft)
$2,200,000 ($357.84 per Sq Ft)
- 8 Units
- 6,148 Sq Ft
- 14,810 Sq Ft
- Unknown Cap Rate
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,200,000 |
| Property Type | Other |
| Usable Sqft | 6,148 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1984 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 06655070009 |
| MLS # | O6419379 |
| Property ID | 314429624 |
| Lot Sqft | 14,810 |
| Zoning | R-3 |
| Total Units | 8 |
| Days on Market | 17 |
| Original List Price | $220,000 |
| Applicances | Dishwasher, Dryer, Refrigerator, Washer% |
| Date Updated | June 29, 2026 |
| Date Created | June 24, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Reuben Simmonds, Jr an agent of . Lic #680620
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of June 29, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT