Allison Ginder

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Listing provided courtesy of BLAIR REALTY GROUP INCas Distributed by MLSGrid- MLS# MFRO6419379MLS Provider

422 SW 69TH STREETGAINESVILLE, FL 32607

Commercial · 6,148 Sq. ft. | 0.34 Acres
$2,200,000 Active

422 SW 69TH STREET Overview

Time on Site:
6 days
Visits:
0

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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422 SW 69TH STREET Facts & Features

  • Type Commercial
  • Sq. ft. 6,148
  • Price/Sq.ft. $358
  • Lot 0.34 Acres

Details

General

Income/Expenses

  • Net Operating Income: 194362

Building Information

  • New Construction: No
  • Year Built: 1984

Location/Region

  • Country: US
  • County Or Parish: Alachua
  • MLS Area Major: 32607 - Gainesville
  • Subdivision Name: CEDAR RIDGE VILLAS
  • Township: 10

Tax Information

  • Tax Annual Amount: 10057.42
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Commercial Financing
  • Ownership: Fee Simple
  • Parcel Number: 06655-070-009
  • Property Condition: Completed
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Special Listing Conditions: None
  • Zoning: R-3

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 6778
  • Building Area Units: Square Feet

General Information

  • Appliances: Dishwasher,Dryer,Refrigerator,Washer
  • Cooling: Central Air
  • Flooring: Laminate,Tile
  • Foundation Details: Slab
  • Heating: Central
  • Levels: Two
  • Living Area: 6148
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Security Features: Smoke Detector(s)
  • Stories Total: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Features: City Limits,Landscaped,Neighbourhood,Paved
  • Lot Size Acres: 0.34
  • Lot Size Square Feet: 14810
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Block
  • Roof: Shingle

General Information

  • Number Of Units Total: 8
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Capable,Electricity Available,Public,Water Connected

422 SW 69TH STREET Neighborhood

Community

32607 (Gainesville) Demographics

26
Median Age
2,527
Population Density (per sq. mile)
60%
College Educated
$41,656
Estimated Median Income
4,145
Estimated Total Home Owners
8,091
Estimated Total Renters
34% / 66%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

422 SW 69TH STREET Monthly Cost

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Dylan Leitman
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

422 SW 69TH STREET Market Data

Based on the last 30 days in this zip code

$393,930
Average List Price
$227
Average Price per Square Foot
35
Properties Sold
104
Average Days on Market
157
Properties for Sale
Calculations provided by Reliance Network

422 SW 69TH STREET History

Date Event Value Agent
6/24/2026Source: My Florida Regional MLS Added to Database
June 24, 2026