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Quadruplex building with brick exterior, multiple units, surrounded by green trees.

SOLD

$275,000  Pineridge Quadruplex  5813 NW 23rd Terrace

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Lowest priced quad in Gainesville! Brick construction quadruplex in northwest Gainesville. Each unit is 2 bedrooms / 1 bath. Current price and current rents reflect lots of upside potential. Current tenant rents range from $725 to $775. You could keep things as they are or do updates to boost rental rates. Once nicely renovated, rents should be in the $1,000 - $1,300 range. Investors benefit from strong tenant demand in this area as it is conveniently located within walking distance of shops, restaurants, a community center and Super WalMart.

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Gainesville, Florida Real Estate

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