$440,000
724 SW 68th Terrace Gainesville, FL 32607
For Sale MLS# GC542159
8 beds 8 baths 3,902 sq ft Multi-family
Details for 724 SW 68th Terrace
MLS# GC542159
Description for 724 SW 68th Terrace, Gainesville, FL, 32607
Renovated and cash-flowing brick quadruplex for sale with stellar occupancy history! All units are 2BD/1.5BA townhome style with open layouts and 975+/- sqft of living space. Unit A - $1,200, Unit B - $1,258, Unit C - Vacant for tours (previously $1,300), Unit D - $1,170. Completely remodeled kitchens and bathrooms, new fixtures, vinyl plank/tile flooring, private deck areas for both bedrooms, and private fenced backyard areas. Tenants pay all utilities, no HOA. 2025 asphalt shingle roof, 3 HVACs are less than 4 years old. Electric is copper wire with cutler hammer and square D breakers. Main plumbing drains are PVC. Plumbing supply lines are mainly copper with a few instances of CPVC in good condition with operable shutoff valves. Located at the front of the Cedar Ridge subdivision of Gainesville, FL; within 5 miles of the Oaks Mall, University of Florida, HCA North Florida Hospital, as well as several shopping centers & other amenities. This quad is being offered for sale along with 2 additional quadruplexes (1 directly adjacent) and duplex in the same subdivision (723 SW 69th St, 712 SW 70th Ter, and 714 SW 69th St). Buildings can be purchased individually or as portfolio. Marketing package linked with information on all buildings. If you’re looking for a renovated, stabilized, and cash-flowing investment this is your opportunity! Call today to schedule a tour!
Listing Information
Property Type: Residential, Quadruplex
Status: Active
Bedrooms: 8
Bathrooms: 8
Lot Size: 0.25 Acres
Square Feet: 3,902 sq ft
Year Built: 1981
Construction: Block
Subdivision: Cedar Ridge
Foundation: Slab
County: Alachua
Additonal Room Information
Laundry: Washer Hookup, Electric Dryer Hookup
Interior Features
Additional Interior Features: Other
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Electricity Connected
Cooling: Central Air
Heating: Central
Exterior / Lot Features
Roof: Shingle
Additional Exterior/Lot Features: Other
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1200
Unit 1 Baths Total: 2
Unit 1 Beds Total: 2
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1170
Unit 2 Baths Total: 2
Unit 2 Beds Total: 2
Unit 3 Units Total: 1
Unit 3 Actual Rent: 1258
Unit 3 Baths Total: 2
Unit 3 Beds Total: 2
Unit 4 Units Total: 1
Unit 4 Actual Rent: 1200
Unit 4 Baths Total: 2
Unit 4 Beds Total: 2
Driving Directions
From intersection of SW 75th ST (Tower Rd) and SW 8th Ave, head east on 8th Ave. First property (quad) is located on SW 70th St (turn Left) and subject is 2nd one on the left. From there continue north on 70th St and turn right on SW 6th Pl. Two additional properties are located on the cul-de-sac of SW 69th St, and the 4th property is located on the cul-de-sac of SW 68th Terr.
Financial Considerations
Gross Income: 57358
Tax/Property ID: 06655-053-009
Tax Amount: 8883.03
Tax Year: 2025
A broker reciprocity listing courtesy: THE MULTIFAMILY ADVISORS
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 724 SW 68th Terrace
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 724 SW 68th Terrace
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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