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Active Commercial

422 SW 69TH STREET

Gainesville, FL 32607

STELLAR #O6419379 Updated: Jun 29, 2026, 3:38pm
$2,200,000
0 Beds • 0 Baths • 6,148 SqFt
Property
ActiveCommercial
1/9
$2,200,000

422 SW 69TH STREET

Gainesville, FL 32607
0
Beds
0
Baths
6,148
SqFt
0.34
Acres
STELLAR
#O6419379
Updated: Jun 29, 2026, 3:38pm

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.
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Included Appliances
DishwasherDryerRefrigeratorWasher

Property Details

Interior
Appliances
DishwasherDryerRefrigeratorWasher
Building Area Total
6778
Cooling
Central Air
Flooring
LaminateTile
Heating
Central
Living Area
6148
Security Features
Smoke Detector(s)
Virtually Staged
Yes
Construction
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
Block
Foundation Details
Slab
Levels
Two
Living Area Source
Public Records
Living Area Units
Square Feet
Number Of Units Total
8
Property Condition
Completed
Roof
Shingle
Stories Total
2
Year Built
1984
Site & Exterior
Flood Zone Code
X
I D X Participation
Yes
Lot Features
City LotLandscapedNeighbourhood
Lot Size Acres
0.34
Lot Size Area
14810
Lot Size Square Feet
14810
Lot Size Units
Square Feet
Number Of Separate Electric Meters
8
Public Survey Range
19
Public Survey Section
4
Road Frontage Type
Street PavedCity Street
Road Responsibility
Public Maintained Road
Road Surface Type
Paved
Sewer
Public Sewer
Total Acreage
1/4 to less than 1/2
Utilities
BB/HS Internet CapableElectricity AvailablePublicWater Connected
Water Source
Public
Zoning
R-3
Financials
Calculated List Price By Calculated Sq Ft
324.58
Contract Status Change Date
2026-06-24
Current Price
2200000
Feed Types
BBO
Owner Name
SOLOMON SIMMONDS ENTERPRISES LLC
Ownership
Fee Simple
Parcel Number
06655070009
Public Survey Township
10
Tax Annual Amount
10057.42
Tax Book Number
M-19
Tax Legal Description
CEDAR RIDGE VILLAS PB M-19 LOT 9 OR 5221/2911
Tax Lot
9
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
M L S Area Major
32607 - Gainesville
Subdivision Name
CEDAR RIDGE VILLAS
Listing provided courtesy of STELLAR via IDX. Updated: Jun 29, 2026, 3:38pm.
Reuben Simmonds, Jr

Listing Agent

BLAIR REALTY GROUP INC

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