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422 SW 69TH STREET
GAINESVILLE FL 32607 US

$2,200,000

Active Listing ID O6419379
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Lot: 0.34 Acres
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$2,200,000

Active Listing ID O6419379
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422 SW 69TH STREET 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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Property Features

  • Facts
  • Lot Size: 0.34 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air
  • Exterior Finish: Paved
  • Floor Covering: Laminate, Tile
  • Roof Type: Shingle
  • Heating Fuels: Central

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 2200000
  • unparsedaddress: 422 SW 69TH STREET
  • postalcity: GAINESVILLE
  • stateorprovince: FL
  • country: US
  • postalcode: 32607
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.34
  • lotsizeunits: Acres
  • lotsizearea: 0.34
  • livingarea: 6148
  • livingareaunits: Square Feet
  • latitude: 29.648189
  • longitude: -82.416291
  • listagentfullname: Reuben Simmonds, Jr
  • listagentemail: vaseme@juno.com
  • listagentkey: 3yd-MFRMLSFL-261067114
  • listagentmlsid: 261067114
  • listagentpreferredphone: 4077821067
  • listagentofficephone: 4072103944
  • listofficekey: 3yd-MFRMLSFL-261010934
  • listagentstatelicense: 680620
  • listofficemlsid: 261010934
  • disclaimer: Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MFRMLSFL
  • yearbuilt: 1984
  • listingcontractdate: 2026-06-24
  • listagenturl: http://www.BlairRealtyGroup.com
  • countyorparish: Alachua
  • parcelnumber: 06655-070-009
  • appliances: Dishwasher, Dryer, Refrigerator, Washer
  • cooling: Central Air
  • constructionmaterials: Block
  • flooring: Laminate, Tile
  • heating: Central
  • numberofunitstotal: 8
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Shingle
  • waterfrontyn: False
  • exteriorfeatures: Paved
  • architecturalstyle: Other
  • securityfeatures: Smoke Detector(s)
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -82.41629, 29.64819
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Blair Realty Group, Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"vaseme@juno.com", "ListBrokerageCity":"Orlando", "ListBrokerageCountry":"US", "ListBrokerageEmail":"nblair@blairrealtygroup.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MFRMLSFL/4dca9161bf0f11dfb77300219b9aa4d8/20100913132325955.png", "ListBrokerageName":"Blair Realty Group, Inc.", "ListBrokeragePhone":"(407) 210-3944", "ListBrokeragePostalCode":"32839", "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":"suite 15", "ListBrokerageUnparsedAddress":"4700 Millenia Blvd", "ListBrokerageWebsiteUrl":"http://www.BlairRealtyGroup.com", "ListOfficeAddress1":"5401 S Kirkman Road, ", "ListOfficeAddress2":"Suite 310", "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Orlando", "ListOfficeCountry":"US", "ListOfficeEmail":"nblair@blairrealtygroup.com", "ListOfficePostalCode":"32819", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Family 5+ - GAINESVILLE, FL", "ListingURL":"https://listings.listhub.net/pages/MFRMLSFL/O6419379/?channel=rexren", "MLSModificationTimestamp":"2026-06-24T18:33:18Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Multi-Family 5+", "RawPropertyType":"Commercial Sale", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":10057.42, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 6/24/2026 8:07:34 PM GMT
Source Updated Date: 6/26/2026 6:41:16 PM GMT

Courtesy of: Reuben Simmonds, Jr, BLAIR REALTY GROUP INC, vaseme@juno.com

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.