BEDS4
BATHS
SQUARE FEET2,624
MLS#GC542058
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHIGH SPGS G E FOSTERS
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.34 Acres
Roof Type: Shingle
Taxes: $5,601
Year Built: 1981
Amenities
Other
None
Feature Descriptions
Annual Net Income: 60721.06
Directions: From I-75, take Exit 399 for US-441 N toward Alachua/High Springs. Continue northwest on US-441 for approximately 5.5 miles into High Springs. Turn left (west) onto NW 234th Street. Property will be a short distance down on the right, at 18580 NW 234th St
Exterior: Brick
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.34
Other Equipment: None
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Septic Tank
Showing Instructions: Appointment Only, Call Listing Agent
Special Sale Provisions: None
Utilities: Electricity Connected
Water: Public
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
Agent Name: Betsey Fisher-Labour
Agent Phone: (386) 775-7778
Agency Title: Glory International Real Estate Co
Estimate Your Payment
Estimated Payment
$ 1,599.50 per month $1,001.50 Principal & Interest $466.75 Property Tax $131.25 Homeowner's Insurance
18580 NW 234th Street | MLS# GC542058
This multi-family property located at 18580 NW 234th Street, High Springs, FL 32643 is currently listed for sale with an asking price of $450,000. Search High Springs real estate on blabour.gloryire.com today.