UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,720 sqft
Price per Sqft $159
Subdivision Tower Oaks
MLS Listing ID GC539450
Bedrooms 8
Construction Status Completed
HOA Y/N No
Year Built 1981
Annual Tax Amount $10,873
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
Positioned in one of North Central Florida's most reliable rental markets, this upgraded fourplex presents a compelling opportunity for investors seeking immediate income and long-term appreciation. The property consists of four spacious 2BR/1.5BA units with a proven, tenant-friendly layout that supports consistent occupancy and retention.
Capital improvements completed in 2024—2025, including flooring, windows, plumbing, and full bathroom upgrades, significantly reduce deferred maintenance and future CapEx exposure.
With strong rental demand driven by the University of Florida and surrounding employment hubs, this asset is well-positioned for stable cash flow and continued rent growth. Ideal for investors seeking a low-maintenance, income-producing property with upside potential through rental optimization.
Location
State FL
County Alachua
Community Tower Oaks
Area 32607 - Gainesville
Zoning PD
Interior
Interior Features Ceiling Fans(s), Central Vaccum, Living Room/Dining Room Combo, PrimaryBedroom Upstairs, Solid Surface Counters, Thermostat
Heating Central
Cooling Central Air
Flooring Carpet, Ceramic Tile, Laminate
Furnishings Unfurnished
Fireplace false
Appliance Cooktop, Dryer, Electric Water Heater, Exhaust Fan, Range, Refrigerator, Washer
Laundry Inside, Upper Level
Exterior
Exterior Feature Balcony, Courtyard, Lighting
Parking Features Ground Level, On Street
Utilities Available Cable Available, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected
Roof Type Shingle
Porch Covered
Attached Garage false
Garage false
Private Pool No
Building
Lot Description Cul-De-Sac, Paved
Entry Level Two
Foundation Block
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Concrete,HardiPlank Type
New Construction false
Construction Status Completed
Schools
Elementary Schools Lawton M. Chiles Elementary School-Al
Middle Schools Fort Clarke Middle School-Al
High Schools F. W. Buchholz High School-Al
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/GC539450
Nearby Locations