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The Villas at High Springs 18580 NW 234th St 8 Unit Apartment Building For Sale High Springs, FL 32643
Executive Summary
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.
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.
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 8 | Lot Size | 0.68 AC |
| Property Type | Multifamily | Building Size | 5,248 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1981 |
| Zoning | R2 | ||
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 5,248 SF |
| No. Stories | 1 |
| Year Built | 1981 |
| Zoning | R2 |
Amenities
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 656 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 01400-000-000 | Improvements Assessment | $4,058 |
| Land Assessment | $74,880 | Total Assessment | $78,938 |
Property Taxes
Parcel Number
01400-000-000
Land Assessment
$74,880
Improvements Assessment
$4,058
Total Assessment
$78,938
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The Villas at High Springs | 18580 NW 234th St
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