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Key Details
Sold Price $775,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 6,144 sqft
Price per Sqft $126
Subdivision Tower Village Iii
MLS Listing ID R4909924
Sold Date 04/24/26
Bedrooms 16
HOA Y/N No
Year Built 1981
Annual Tax Amount $13,582
Lot Size 0.870 Acres
Acres 0.87
Property Sub-Type Multi-Family 5+
Source Stellar MLS
Property Description
Eightplex investment opportunity! Located in the Tower Village subdivision, this single structure concrete block property is comprised of eight 2BR/1BA units, each roughly 768 sqft. Avg. in-place rent/unit is $913/month with market rents in the same subdivision reaching $1,200+. All units have washer/dryer connections. 3 HVAC systems are new, 2019 asphalt shingle roof, all gas water heaters. Located less than 15 minutes away from the University of Florida and major retail/shopping centers. Units have a varying degree of upgrades including but not limited to flooring, cabinetry, fixtures, appliances, etc. Net income is pro-forma estimate. Professionally managed, vacant unit is available for tours.
Location
State FL
County Alachua
Community Tower Village Iii
Area 32608 - Gainesville
Zoning PD
Interior
Interior Features Other
Heating Electric
Cooling Central Air
Fireplace false
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Other
Utilities Available Cable Connected, Electricity Connected, Other
View Y/N No
Water Access No
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, Other
Listing Terms Cash, Conventional, FHA, Other
Special Listing Condition None
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© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with Diego Castillo TRC REALTY GROUP
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Valerie Dailey
Broker, Owner, GRI, ePro, PSA, C2EX | License ID: 3143790
Broker, Owner, GRI, ePro, PSA, C2EX License ID: 3143790