SQUARE FEET5,300
MLS#GC541996
STATUSActive
PROPERTY TYPECommercial - Multiple
SUBDIVISIONHIGH SPGS G E FOSTERS
Property Description
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.
Property Features
Property Type: Commercial - Multiple
Cooling: Central Air
Lot Size: 0.68 Acres
Stories: 1.0
Taxes: $10,837
Year Built: 1981
Feature Descriptions
Directions: From I75 and US Highway 441 head north on 441 heading into High Springs. Take a left at the fork of Bev's Burgers (which is Highway 27). Subject property will be on the left.
Exterior: Brick
Flood Zone Code: X
Flooring: Carpet, Tile
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Other
Lot Dimensions: 0.68
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Showing Instructions: Appointment Only, Call Listing Agent
Special Sale Provisions: None
Units: 8
Water Access Y/N: No
Zoning: C2
Listed By / Shown By
Listed By
Agency Name: THE MULTIFAMILY ADVISORS
Agency Contact: 352-871-8324
Shown By
Agency Title: Florida Executive Realty
Agency Phone: 813-908-8500
18580 NW 234th Street | MLS# GC541996
This commercial property located at 18580 NW 234th Street, High Springs, FL 32643 is currently listed for sale with an asking price of $900,000. Search High Springs real estate on www.floridaexecutiverealty.com today.