422 SW 69TH STREET, Gainesville, FL 32607

• 6,148 sqft

Property Description

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.

Listing Status:

Active

Date Added:

June 24, 2026

Data Last Updated:

June 27, 2026 at 5:21AM

Listing Office:

BLAIR REALTY GROUP INC : 407-210-3944

Listing Agent:

Reuben Simmonds, Jr : 407-782-1067

MLS ID:

O6419379

Interior

• Appliances: DishwasherDryerRefrigeratorWasher
• Flooring: LaminateTile
• A/C: Central Air
• Heating: Central

Construction

• Roofing: Shingle
• General: BlockTwoSlab

Location

• Road/Access: City Street
• Originating MLS: Stellar MLS
• County: Alachua

Lot

• Zoning: R-3CEDAR RIDGE VILLAS PB M-19 LOT 9 OR 5221/291106655-070-009

Utilities

• Utilities: BB/HS Internet CapableElectricity AvailablePublicWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple