Marsha Blew
BEDS4
BATHS
SQUARE FEET2,624
MLS#GC542057
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHIGH SPGS G E FOSTERS
Property Description
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 #: 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 $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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.34 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $5,407
Year Built: 1981
Amenities
Other
None
Feature Descriptions
Annual Net Income: 60721.06
Days on Site: 76
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, Other
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
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: Marsha Blew
Agent Phone: (386) 868-5131
Agency Title: Adams Cameron & Co. REALTORS
Estimate Your Payment
Estimated Payment
$ 2,974.12 per month $2,392.43 Principal & Interest $450.58 Property Tax $131.10 Homeowner's InsuranceChange Payment Information
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18580 NW 234th Street, Unit 1-4 | MLS# GC542057
This multi-family property located at 18580 NW 234th Street, Unit 1-4, High Springs, FL 32643 is currently listed for sale with an asking price of $449,500. Search High Springs real estate on marshablew.adamscameron.com today.