230 2Nd AveGainesville, FL 32601

This exceptional Class A multifamily property, the Palms Condominiums, presents a compelling investment opportunity in the vibrant downtown Gainesville, Florida market. Located at 230 SW 2nd Ave, Gainesville, FL 32601, this 2008-built, four-story building encompasses 36,000 square feet on a 0.26-acre lot. The property boasts 32 residential units, each featuring two bedrooms and two bathrooms, with diverse floor plans catering to a range of tenant needs. Currently enjoying 100% occupancy, this asset offers immediate and substantial cash flow. Residents enjoy a community pool within a shared common area. The building is zoned DT and comprises a single structure with 72 total beds. Priced at $7,000,000, this represents a compelling price per unit of $218,750 and a price per square foot of $194.44. The property's strong performance, prime location, and attractive amenities make it an ideal addition to any investment portfolio. This offering includes majority ownership of the complex. This is a rare opportunity to acquire a well-maintained, high-occupancy multifamily asset in a thriving Florida market. The property is currently operating as an apartment building, single-family rental portfolio, and student housing.