6-Plex with In-Unit Washer
1110 SW 62 Terrace Gainesville, FL 32607
For Sale
$990,000
MULTI_FAMILY - GAINESVILLE, FL
Property Size6,294 SF
Lot Size0.54 Acres
Price / SF$157.29
Days on Market47
Property Features for 1110 SW 62 Terrace
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R=2A
Bedrooms
12
Bathrooms
12
Rooms
Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 4, Bathroom 12, Bathroom 11, Bedroom 12, Bedroom 7, Bathroom 9, Bedroom 9, Bedroom 8, Bathroom 7, Bedroom 10, Bedroom 2, Bathroom 1, Bathroom 5, Bedroom 3, Bedroom 11, Bathroom 3, Bathroom 6, Bathroom 8, Bathroom 10, Bedroom 6, Bathroom 2
Pets allowed
Cats OK, Dogs OK
Interior features
Ceiling Fans(s)
Exterior features
Garden, Private Yard, Sliding Doors
Appliances
Range, Refrigerator
Standard status
Active
APN
06675-020-010
Size
6,294 SF
Lot size
0.54 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
SUGARFOOT OAKS PB J-66 LOT 10 OR 4482/1339
Tax Annual Amount
10290
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
2
Number of units
6
Flooring type
Laminate
Building materials
Block
Roof type
Shingle
Listing Agency:
GREEN TREE REALTY INC
(352) 377-0020
Listed By:
Hong-Loan Ngo · License #3118935
(352) 871-8878
Added: Jun 11
Changed: Jul 22
Last Checked: Jul 27 at 6:06PM
MLS# GC541053
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6-plex property features a construction mix of concrete with partial wood above. Each unit is configured as 2B/1.5B with bedrooms located upstairs, while the living room and kitchen are on the downstairs level. Washer/dryer hookups are attached outside each unit. The listing also notes no HOA fees.
Located behind Oaks Mall in Gainesville, Florida, the property offers convenient access to major employers and destinations including the University of Florida, Shands, and VA and North Florida hospitals. Nearby shopping includes Sam’s, and bus stops are described as approximately 1 1/2 blocks away.
Zoned R=2A, the building sits on a 0.54-acre lot and is offered for sale with 6 residential units in place.
Located behind Oaks Mall in Gainesville, Florida, the property offers convenient access to major employers and destinations including the University of Florida, Shands, and VA and North Florida hospitals. Nearby shopping includes Sam’s, and bus stops are described as approximately 1 1/2 blocks away.
Zoned R=2A, the building sits on a 0.54-acre lot and is offered for sale with 6 residential units in place.
Key Highlights
- 6‑plex in Sugarfoot Oaks with no HOA fees
- Each unit is 2BR/1.5BA with bedrooms upstairs and living room plus kitchen downstairs
- Central air conditioning and electric heating
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.2k | $17.04 |
| − Vacancy | −$6.4k | −$1.02 |
| EGI | $100.8k | $16.02 |
| − OpEx | −$45.4k | −$7.21 |
| NOI | $55.4k | $8.81 |
6,294 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$792.1K
$693.1K – $924.1K
NOI $55,448 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,123 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Concrete-and-wood 6-plex with two-bedroom units featuring upstairs bedrooms, downstairs living/kitchen, and exterior washer/dryer hookups.
Where is this apartment building located?
The property is located at 1110 SW 62 Terrace Gainesville, FL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 6‑plex in Sugarfoot Oaks with no HOA fees; Each unit is 2BR/1.5BA with bedrooms upstairs and living room plus kitchen downstairs; Central air conditioning and electric heating
