18580 Nw 234th Street Unit 1-4, High Springs, FL 32643
- $450,000
- 4
- BD
- 4
- BA
- 2,624
- SqFt
- List Price
- $450,000
- MLS#
- GC542057
- Type
- Multifamily
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 2,624
- Lot Size
- 14,810
- Subdivision
- High Spgs G E Fosters Add Fairmount
- Year Built
- 1981
Property Description
This quadruplex is being offered together with an identical, adjacent quadruplex (same address, Parcel #: 00568-000-000). 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.
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Additional Information
- Community Features
- No Deed Restriction
- Style
- Quadruplex
- Interior
- Other
- Interior Features
- Other
- Exterior Construction
- Brick
- Exterior
- None
- Roof
- Shingle
- Utilities
- Electricity Connected
- Heating
- Central
- Cooling
- Central Air
- Pool Type
- No Pool
Listing courtesy of THE MULTIFAMILY ADVISORS.
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