The Grande at Gainesville 6315 SW 13th St 39 Unit Apartment Building $5,698,590 CAD ($146,118 CAD/Unit) Gainesville, FL 32608

The Grande at Gainesville is a 39-unit multifamily community situated on 3.39 acres with prime frontage along SW 13th Street (US-441), providing convenient access to the University of Florida, downtown Gainesville, and major retail corridors. The property offers a 6.54% going-in cap rate on in-place income, with average rents of $1,025 and immediate mark-to-market upside to approximately $1,100. Built in 1964 with durable concrete block construction, the community features a mix of one- and two-bedroom units and has benefited from more than $450,000 in recent capital improvements, including new roofs, landscaping, a repaved parking lot, and fully renovated interiors with granite countertops, stainless steel appliances, and luxury vinyl plank flooring.
Located approximately 4 miles from the University of Florida, The Grande at Gainesville benefits from strong and diversified rental demand driven by the university, UF Health Shands, and Gainesville’s broader healthcare and employment base. Residents enjoy convenient access to Butler Plaza, Celebration Pointe, and the area’s extensive retail and dining amenities. The property also features an efficient utility structure, with individually metered electricity paid directly by residents and water and sewer recovered through a RUBS program.