4251 Southwest 21st Place

Gainesville FL 32607

10800 sq. ft.

10890 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Oak Terrace is a core investment type (aka mailbox money) multifamily complex comprised of 12 total units, consisting of eight (8) townhouse units of 2 bedroom, 1.5 baths and four (4) 2 bedroom 1 bathroom flats, each totaling 900/SF of conditioned space. Centrally located in the heart of one of SW Gainesville's highest growth areas, Butler Plaza and Celebration Point, Oak Terrace is 1.5 miles from the University of Florida, and within short distance to major retailers such as Target, Walmart, Best Buy, Dick's Sporting Goods as well as Publix, Aldi, Total Wine, Sam's Club, and Lowe's. Built in 1981 and 1982 with concrete block construction, Oak Terrace recently experienced full and complete remodels to their units both cosmetically and mechanically, inside and out. The current in-place rents are $1,222/month with 2024 rents already set at $1,350/month across all 12 units. Tenants pay all utilities through individual metering directly to the utility company. All units have washers and dryer hookups. Parking for Tenants is located directly in front of the building.