The Earl

IPA is pleased to present The Earl (the “Property”), a three-story, garden walk-up multifamily property located in Gainesville Florida. 

The property consists of 344 total units, spread across two phases – Phase 1 features 178 units (1986 YOC), and Phase 2 (2004 YOC) featuring 166 units. The Earl is comprised of studios, one-, two- and three-bedroom apartments with a variety of scope levels ranging from classic to partially-renovated condition, with 100% of units still available for additional future upgrades. Prospective buyers benefit from the opportunity that this asset is available below replacement cost. Additionally, The Earl is located within central Gainesville – within 5 miles of 105K jobs, 3-miles of 8.4MM SF of retail space, and the massive University of Florida campus (#7 Public University in U.S.) with 33K employees and 61K+ Students.

The Earl features a varietal amenity-set such as two resort-style pools with two hot tubs, BBQ pavilion, basketball court, pet park, and 24-hour fitness center. It is strategically situated with frontage alongside I-75, and accessed via SW 32nd Blvd; thereby benefiting from a collective 111K vehicles passing each day – and providing quick access to area employment and retail. The Oaks Mall (100+ stores) is located within walking distance, with The Butler Town Center (2.5MM SF retail) and Celebration Pointe (1MM+ SF) each located within 3 miles of the subject. Medical options nearby include the Shands Medical Complex with 13,474 local jobs, and the UF Innovation District, which specializes in fostering innovation and entrepreneurship for the MSA. Gainesville is poised for future growth with an anticipated 2.7% rent growth in 2025 and 3.2% each subsequent year through the end-of-the-decade.