GAINESVILLE, FL 32607 422 SW 69TH STREET

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Presented By: with . - 407-210-3944
  • MLS# O6419379
  • 06/24/2026
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • SQFT • 6,148

Home Details

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.
Presented By: with . - 407-210-3944

Interior Features for 422 SW 69TH STREET

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourcePublic Records
Air Conditioning Y/NYes
FlooringLaminate, Tile
Heating Y/NYes
Total Stories2

General for 422 SW 69TH STREET

Additional Parcels Y/NNo
AppliancesDishwasher, Dryer, Refrigerator, Washer
Building Area UnitsSquare Feet
CityGAINESVILLE
Construction MaterialsBlock
CoolingCentral Air
CountyAlachua
DirectionsFrom Archer Rd & I-75, go north on I-75 to Newberry Rd, go left onto Newberry, go left on NW 75th Ave, take a left on SW 8th Ave, take a left on SW 67th Terrance, take a left on SW 4th Pl, 3rd building on the right. Leave the parking lot, go right, turn left on SW 69th St, 2nd building on right is 422 SW 69th St
DockY/NNo
Flood Zone CodeX
Flood Zone Code XY
HeatingCentral
Legal DescriptionCEDAR RIDGE VILLAS PB M-19 LOT 9 OR 5221/2911
LevelsTwo
Listing TermsCash
Living Area UnitsSquare Feet
Lot Size Square Feet14810
Lot Size UnitsSquare Feet
MLS Area32607 - Gainesville
New ConstructionNo
Number Of Units Total8
Occupancy TypeTenant
OwnershipFee Simple
PossessionClose Of Escrow
Property ConditionCompleted
Property SubtypeMulti Family (5+)
Property TypeCommercial Sale
RoofShingle
Security FeaturesSmoke Detector(s)
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameCEDAR RIDGE VILLAS
Tax Annual Amount10057.42
Tax Lot9
Tax Year2025
UtilitiesBB/HS Internet Capable, Electricity Available, Public, Water Connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1984
ZoningR-3

Exterior for 422 SW 69TH STREET

Building Area Total6778
Foundation DetailsSlab
Lot FeaturesCity Lot, Landscaped, Neighbourhood
Lot Size Acres0.34
Lot Size Area14810
Number of Buildings1
Number of Separate Electric Meters8
Road Frontage TypeStreet Paved, City Street
Road ResponsibilityPublic Maintained Road
Road Surface TypePaved
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Steven Pugh

Broker Associate | Team Leader
Price $2,200,000
MLS#O6419379
List Date 06/24/2026
Property Type Commercial
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