7904 And 8010 Se Us Highway 301, Hawthorne, Florida 32640

  • $1,195,000

Description

Welcome to an exceptional investment opportunity in Hawthorne, FL, offering a remarkable yearly ROI of 9.19% at a competitive purchase price of $1, 195, 000! This 14-unit multi-family property, comprising four 1-bedroom/1-bath units and ten studio apartments, sits on 10 acres and promises substantial revenue potential with the addition of coin laundry facilities and mobile home/RV lots. Anticipate a market value increase to $2, 500, 000++ once RV lots are open! 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 property is an investor’s dream, offering modern amenities and a strong rental income stream. Property also features a concrete block shed and store/laundry/office/bathhouse building both in need of renovation. This can also be a value add property, as it formerly had 11 mobile home lots on it, and can also have 38 RV sites and 10 dry camping sites and sits on over 10 acres!

Details

  • Property ID O6308601
  • Price $1,195,000
  • Property Size 6432 Sqft
  • Land Area 9.26 Acres
  • Year Built 1952
  • Property Type Multi Family, Residential Income
  • Property Status Canceled

Additional details

  • Listing Terms Cash, Conventional, Other
  • Roof Shingle
  • Utilities BB/HS Internet Available, Cable Available, Electricity Available, Electricity Connected, Fire Hydrant, Other, Phone Available, Public, Sewer Available, Sewer Connected, Sewer Nearby, Telephone Nearby, Underground Utilities, Water Available, Water Connected, Water Nearby
  • Sewer Public Sewer
  • Cooling Wall/Window Unit(s)
  • Heating Electric, None, Ductless
  • Flooring Brick, Ceramic Tile, Concrete, Hardwood, Laminate, Linoleum, Parquet, Tile, Terrazzo, Vinyl
  • County Alachua
  • Property Type Residential Income
  • Parking Common, Ground Level, Other
  • Community Features Sidewalks, Street Lights
  • Address: 7904 and 8010 SE US HIGHWAY 301
  • City: Hawthorne
  • State/county: FL
  • Zip/Postal Code: 32640
  • Area: N/A
  • Country: US

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