8010 SE US HIGHWAY 301 new Save Request In-Person Tour Request Virtual Tour
Hawthorne,FL 32640
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,567 sqft
Price per Sqft $161
MLS Listing ID O6276580
HOA Y/N No
Originating Board Stellar MLS
Year Built 1952
Annual Tax Amount $2,499
Lot Size 4.130 Acres
Acres 4.13
Property Description
Welcome to an exceptional investment opportunity in Hawthorne, FL, offering a remarkable yearly ROI of 14.88% at a competitive purchase price of $899,900. This 14-unit multi-family property, comprising four 1-bedroom/1-bath units and ten studio apartments, promises substantial revenue potential with the addition of coin laundry facilities and mobile home/RV lots. Anticipate a market value increase to $1,050,000 by Year 2. The property is conveniently connected to city water and sewer services. All 12 completed units are fully occupied and have undergone extensive renovations, featuring new windows on two buildings, new front doors, laminate flooring, toilets, ceiling fans, and bathroom lighting. The property also boasts a new roof, appliances (including fridges, microwaves, and hotplates), outlets, switches, water heaters, and AC units in all units. This turnkey property is an investor's dream, offering modern amenities and a strong rental income stream.
Location
State FL
County Alachua
Zoning CG
Interior
Interior Features Built-in Features,Ceiling Fans(s),Crown Molding,Living Room/Dining Room Combo,Open Floorplan,Primary Bedroom Main Floor,Walk-In Closet(s)
Heating None
Cooling Wall/Window Unit(s)
Fireplace false
Laundry None
Exterior
Exterior Feature Awning(s),Lighting,Sidewalk,Sliding Doors,Storage
Utilities Available BB/HS Internet Available,Cable Available,Electricity Available,Electricity Connected,Fiber Optics,Fire Hydrant,Phone Available,Public,Sewer Available,Sewer Connected,Sewer Nearby,Street Lights,Telephone Nearby,Underground Utilities,Water Available,Water Connected,Water Nearby
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 2 to less than 5
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None