422 69TH STREET
GAINESVILLE, FL 32607
About this home
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.
Facts & features
Interior
- Living area
- 6,148 sqft
- Heating
- Central
- Cooling
- Central Air
- Flooring
- Laminate, Tile
- Stories
- 2
- Appliances
- Dishwasher, Dryer, Refrigerator, Washer
Exterior & lot
- Lot size
- 14,810 sqft (0.34 ac)
- Roof
- Shingle
- Construction
- Block
Financial
- Annual tax
- $10,057 (2025)
- Price / sqft
- $358/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- BB/HS Internet Capable, Electricity Available, Public, Water Connected
Property
- Property type
- Single Family
- Year built
- 1984
- Subdivision
- CEDAR RIDGE VILLAS
- County
- Alachua
Listing
- Status
- Active
- Days on market
- 5 days
- MLS #
- MFR794377095
- Source
- Stellar MLS
Listed by Reuben Simmonds, Jr · BLAIR REALTY GROUP INC
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 28 comparable sales within 1 mile of GAINESVILLE, FL. priced in line with RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $11,709/mo
- Property tax
- $1,650/mo
- Home insurance
- $200/mo
Tax, insurance and HOA are editable estimates with Florida-typical defaults — Florida homeowners insurance in particular varies widely by location and elevation. Confirm exact figures with a lender and insurer.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price historySample data
Reference timeline for $2,200,000. Live MLS history swaps in with the Stellar feed.
| Date | Event | Price | Change |
|---|---|---|---|
| 2026-08 | Listing updated | $2,200,000 | — |
| 2026-06 | Price changed | $2,200,000 | −$22,000 |
| 2026-04 | Listed | $2,222,000 | — |
NeighbourhoodSample data
Reference scores for GAINESVILLE, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
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