$409,500
18580 NW 234TH ST #5-8, HIGH SPRINGS, FL 32643
ActiveProperty details
About this home
One or more photo(s) was virtually staged. Tenant personal property has been digitally removed from photos for privacy and to clearly show room dimensions. No structural changes were made. 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 $899,000 ($449,500/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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Listings courtesy of Stellar MLS as distributed by MLS GRID. MLS #MFR800358917. Listing brokerage: THE MULTIFAMILY ADVISORS. Status: Active.
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