4251 SW 21st Pl | Gainesville, FL 32607
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- LoopNet Team
4251 SW 21st Pl
Gainesville, FL 32607
Oak Terrace Apartments · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Oak Terrace is a core investment type multifamily complex comprised of 12 total units
- Within short distance to major retailers such as Target, Walmart, Best Buy, Dick's Sporting Goods as well as Publix, Aldi, Total Wine, and Sam's Club
- The current in-place rents are $1,222/month with 2024 rents already set at $1,350/month across all 12 units
- Centrally located in the heart of one of SW Gainesville's highest growth areas, Butler Plaza and Celebration Point
- Built in 1981 and 1982 with concrete block construction, Oak Terrace recently experienced full and complete remodels
- Tenants pay all utilities through individual metering directly to the utility company. All units have washers and dryer hookups
PROPERTY FACTS
| No. Units | 12 | Building Size | 10,464 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1981/2022 |
| Building Class | C | Parking Ratio | 1.48/1,000 SF |
| Lot Size | 0.51 AC | ||
| Zoning | U9 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 10,464 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1981/2022 |
| Parking Ratio | 1.48/1,000 SF |
| Zoning | U9 |
AMENITIES
UNIT AMENITIES
- Washer/Dryer Hookup
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,350 | 900 |
| 2+1.5 | 8 | $1,350 | 900 |
PROPERTY TAXES
| Parcel Number | 06741-010-004 | Improvements Assessment | $821,477 |
| Land Assessment | $220,123 | Total Assessment | $1,041,600 |
PROPERTY TAXES
Parcel Number
06741-010-004
Land Assessment
$220,123
Improvements Assessment
$821,477
Total Assessment
$1,041,600
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