325 SW Leisure Dr - Apartments FOR SALE


Lake City, FL 32025
$895,000 USD
386-397-3002
325 SW Leisure Dr, Lake City, FL for Sale
$895,000 USD
Apartments - FOR SALE
1/43
null | Request Cap Rate

325 SW Leisure Dr
Lake City, FL 32025


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$143 USD /SF

# OF UNITS

6

PRICE/UNIT

$149,167

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crawford 3 Duplexes Leisure Lane

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

RSF-2

APN/PARCEL ID

01-4S-16-02678-020

ASK ABOUT THIS PROPERTY

Daniel CrappsDaniel Crapps Agency IncMore Info
386-397-3002

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Daniel CrappsDaniel Crapps Agency IncMore Info
386-397-3002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.