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Wade M. Berlin

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  4. 5811 23rd Terrace A, B, C, D, GAINESVILLE, FL 32653
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5811 23rd Terrace A, B, C, D
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PRICED AT ONLY: $449,900

Address: 5811 23rd Terrace A, B, C, D, GAINESVILLE, FL 32653

Description

Discover this exceptional four unit income property in Northwest Gainesville! Each of the four self contained units is thoughtfully designed with 2 bedrooms and 1 bath, and in unit laundry. Located in a high demand rental area, 15 minutes from UF, Shands, and the VA, this property offers both convenience and value. With consistent occupancy rates and market rents continuing to rise, the building delivers steady income with upside potential through rental increases or minor upgrades. AC has been replaced in 2017, two units in 2019, and one in 2021. Three of the units are rented ($990, $990, and $900). The interiors for all 4 units have been updated and appliances were purchased in 2023 and 2025. Whether youre expanding your portfolio or looking for a turnkey property with proven returns, this quadruplex represents a solid investment opportunity with reliable performance and minimal management hassle.

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  • MLS#: GC535112 ( Residential )
  • Street Address: 5811 23rd Terrace A, B, C, D
  • Viewed: 3
  • Price: $449,900
  • Price sqft: $125
  • Waterfront: No
  • Year Built: 1978
  • Bldg sqft: 3600
  • Bedrooms: 8
  • Total Baths: 4
  • Garage / Parking Spaces: 2
  • Days On Market: 4

Description

Discover this exceptional four unit income property in Northwest Gainesville! Each of the four self contained units is thoughtfully designed with 2 bedrooms and 1 bath, and in unit laundry. Located in a high demand rental area, 15 minutes from UF, Shands, and the VA, this property offers both convenience and value. With consistent occupancy rates and market rents continuing to rise, the building delivers steady income with upside potential through rental increases or minor upgrades. AC has been replaced in 2017, two units in 2019, and one in 2021. Three of the units are rented ($990, $990, and $900). The interiors for all 4 units have been updated and appliances were purchased in 2023 and 2025. Whether youre expanding your portfolio or looking for a turnkey property with proven returns, this quadruplex represents a solid investment opportunity with reliable performance and minimal management hassle.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Irrigation System
  • Fencing: Fenced
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 2198.00
  • Other Structures: Shed(s)
  • Roof: Other
Land Information
  • Lot Features: Conservation Area, Cul-De-Sac, FloodZone, In County, Oversized Lot, Sidewalk, Special Taxing District, Paved, Unincorporated
Garage and Parking
  • Garage Spaces: 2.00
  • Open Parking Spaces: 0.00
  • Parking Features: Garage Door Opener
Eco-Communities
  • Pool Features: Child Safety Fence, Screen Enclosure
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Electricity Connected, Fire Hydrant, Public, Sprinkler Meter, Underground Utilities
Amenities
  • Association Amenities: Park, Playground
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2011
Other Features
  • Appliances: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
  • Interior Features: Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Wood Cabinets, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s)
  • Legal Description: SOUND WEST UNIT 4 LOT 7
  • Levels: One
  • Area Major: 33762 - Clearwater
  • Parcel Number: 02-30-16-83946-000-0070
  • Style: Ranch
  • View: Water
  • Zoning Code: R-3
Nearby Subdivisions
Appletree   Blues Creek   Chantilly Acres E12 At Nw 14   Deer Rrunsd Ph I   Grand Central Sta Cluster Ph I   Hammock The   Mile Run   Mile Run Ph 1c Rep   Mile Run Ph Iii   Millhopper Forest Ph 1a   Millhopper Road Estates   No Subdivision   Northwood   Northwood Oaks   Northwood Pines   Northwood Pines Replat   Reserve At Millhopper   San Felasco Estates   Spring Forest   Sterling Place   Sutters Landing Ph Iii   Turkey Creek Forest   Victoria Square Cluster Ph 3   Weschester   Weschester Cluster Ph 1   Woodfield Rep  

Contact Info

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Wade M. Berlin

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