🔴 Off ~ Market | Multi~ Family | 84 Units | Gainesville, FL

An 84-unit garden-style apartment community located in

Gainesville, FL, presents a compelling value-add investment opportunity.

Currently operating at 73.8% occupancy with below-market rents, the property

offers significant upside potential. Through targeted renovations, improved

management, and strategic rent growth, investors can capitalize on this

opportunity and achieve substantial returns.

Price $7,200,000

Current NOI $363,000

Potential NOI $770,406

Cap Rate (Current) 5.%

Cap Rate (Potential) 11%

Occupancy 73.8% (Opportunity to increase)

Rent Growth Potential Rents below market averages

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