REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Grace Sparks

grace.sparks@engelvoelkers.com +1(386) 965-8244

$ 895,000

Est. payment -/mo

Save

Contingent

325 SW LEISURE DRIVE Lake City, FL 32025

1.82 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Single Story

Listing Status Contingent

Purchase Type For Sale

MLS Listing ID 131832

Style Single Story

Lot Size 1.820 Acres

Acres 1.82

Lot Dimensions Irregular

Property Sub-Type Single Story

Property Description

Fully occupied 6-unit multifamily asset offering immediate cash flow with approximately $95,160 annual gross income and a straightforward operational footprint. Ideal for both new and experienced investors seeking stable returns in a growing North Florida market with predictable income and future upside through gradual rent increases and continued property improvements. Recent updates have been completed. The properties are situated on three separate but adjacent parcels within a non-HOA golf course community, offering tenants a desirable blend of privacy and convenience. Located just minutes from I-75, five exits north of Gainesville, and close to major retailers, restaurants, and everyday amenities. The property consists of three duplex buildings totaling six 2-bedroom, 1-bath units, each with laundry facilities. Two units include carports, four units have dedicated parking pads, and the property also features two detached garages. The 1.82-acre site is served by a shared well, with two buildings on septic systems and one building connected to city sewer. The property benefits from clean leases, a strong tenant base, and professional management. Current NOI is approximately $63,024, reflecting a 6.9% cap rate at the current asking price. Financial information and lease details are available upon request.

Location

State FL

County Columbia

Area 2-Sw. Us 90 - W. Us 441 Columbia

Zoning RSF-2

Interior

Interior Features Ceiling Fans, Cable TV Available

Heating Central Electric

Cooling Central Electric

Flooring Other-See Remarks

Appliance Refrigerator, Stove Elec

Exterior

Exterior Feature Cable TV Available

Parking Features 2 Car, Carport, Driveway, Other-See Remarks

Garage Spaces 2.0

Community Features Golf, Clubhouse

Roof Type Metal

Building

Sewer Septic Tank

Water Private Well

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by DANIEL CRAPPS AGENCY, INC

NEARBY SCHOOLS & PROPERTIES

Grace Sparks

Real Estate Advisor

+1(386) 965-8244

GET MORE INFORMATION