6735 SW 4th Pl
Gainesville, FL 32607
Cedar Ridge Apartments · Multifamily Property For Sale · 32 Units

4th Place Apartments is located in Gainesville, Florida which is in Alachua County. The Property consists of (4) two-story buildings which are comprised of (20) one-bedroom/one-bathroom units with 603 rentable square feet and (12) two-bedroom/two-bathroom units with 934 rentable square feet. The buildings have central air conditioning and the buildings sit on a total of 1.32 +/- acres. Residents are responsible for water and sewer. Water and sewer is individually metered. Landlord pays trash. Select units have been recently renovated with new central air conditioning units, vinyl wood flooring, new kitchen cabinets, appliances, sinks, bathtubs, toilets, bathroom vanities, washer/dryer appliances, interior and exterior lighting, ceiling fans, interior and exterior paint, and new exterior stairs. Just to the north of 4th Place Apartments is Newberry Road which turns into University Avenue and is a major thoroughfare to the University of Florida and Downtown Gainesville. Newberry Road is lined with multiple retail centers, including the Oaks Mall. Anchored by JC Penney, Sears, Dillard’s and Macy’s, the Oaks Mall is located 2.3 miles north of 4th Place Apartments and consists of 140 stores spread out over 901,000 square feet. Along Newberry Road are several restaurants such as BJ’s Brewhouse, Red Lobster, Starbucks, Chick-Fil-A, McAlister’s Deli, Panera Bread, and CYM Coffee Company. Only seven miles down Newberry Road from 4th Place Apartments is University of Florida. University of Florida has over 28,000 employees and approximately 50,000 students annually, making it the 3rd largest university in the state and also contributes $8 billion to the Florida economy annually. In 2016, Forbes magazine ranked the University of Florida as the 13th best public university in the nation. Directly South of 4th Place Apartments is the Celebration Pointe development. Celebration Pointe is one million square feet of retail, restaurant, office, lodging and residential space catered to meet the needs of a rapidly expanding Gainesville, Florida. Upon completion, Celebration Pointe will bring 6,000 local jobs into the Gainesville economy. Across Interstate 75 from Celebration Pointe is the Butler Town Center development. Butler Town Center consists of 242,886 square feet of commercial space and 192,723 square feet of apartment and hotel space that is currently under construction and plans to add approximately 3,500 new jobs to the local economy. Shands Hospital is located less than 15 minutes from 4th Place Apartments which employs 12,000 local residents and has an annual economic impact of $1.8 billion. The IT/software sector is growing in Greater Gainesville with companies ranging from human engagement to game development. Companies include Mindtree (400 Employees), Sharpspring (51 Employees), Optym (275 Employees) , Info Tech (240+ Employees) and Mobiquity.