The Villas at High Springs 18580 NW 234th St Immeuble residentiel 8 lots 773 928 € (96 741 €/Lot) Taux de capitalisation 9,95 % High Springs, FL 32643

Fully occupied and centrally located brick quadruplexes (8 units) in the rapidly growing High Springs, FL market for sale. These quads offer a rare combination of location, condition, and stable occupancy. Very limited competing apartment inventory nearby. Both quads are being offered together at $900,000 ($450,000/quad).
Located in High Springs, Florida — named the "Friendliest Small Town" by Floridian magazine and known as the "Gateway to the Springs" — this 8-unit portfolio offers the perfect blend of small-town charm and strong investment fundamentals. Situated just 20 miles northwest of Gainesville, High Springs has become a sought-after housing destination for all kinds of professionals, providing a deep, stable tenant pool with a median household income of $94,421. Since 2020, the population has grown by 10%, making it one of the fastest growing Florida markets.
All 8 units are 1 bedroom/1 bathroom at 656 SF each, spread across two single-story brick buildings totaling 5,248 SF on 0.68 acres. Every unit is currently occupied with leases in place. In-place rents average $933/unit/month. Market rents in the area easily justify $1,050+/month/unit rental rates, allowing for an immediate income boost without having to do any improvements. Both buildings are professionally managed. Tenants pay all utilities.