7904 and 8010 SE US HIGHWAY 301, HAWTHORNE, FL, 32640
$1,195,000
Residential Income
|
Living Area
4,945 Sqft
|
Lot Size
403,365 Sqft
|
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!
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRO6308601 | Year Built: | 1952 | |
| Appliances: | Cooktop, Electric Water Heater, Freezer, Microwave, Refrigerator | Community Features: | Sidewalks, Street Lights | |
| Construction Materials: | Block | Cooling: | Wall/Window Unit(s) | |
| Country: | US | County Or Parish: | Alachua | |
| Exterior Features: | Outbuildings, Garden, Lighting, Sidewalk, Storage | Flooring: | Brick, Ceramic Tile, Concrete, Hardwood, Laminate, Linoleum, Parquet, Tile, Terrazzo, Vinyl | |
| Foundation Details: | Slab | Heating: | Electric, None, Ductless | |
| Laundry Features: | None | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional, Other | Lot Features: | City Limits, Oversized Lot, Paved | |
| Other Structures: | Outbuilding, Shed(s), Storage | Parking Features: | Common, Ground Level, Other | |
| Pets Allowed: | Cats OK, Dogs OK, Yes | Property Sub Type: | Multi Family | |
| Property Type: | Residential Income | Road Surface Type: | Asphalt | |
| Roof: | Shingle | Security Features: | Closed Circuit Camera(s), Fire Alarm, Security Lights, Smoke Detector(s) | |
| Sewer: | Public Sewer | Showing Requirements: | Call Listing Agent | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | 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 | |
| View: | Trees/Woods | Water Source: | Public | |
| Window Features: | Blinds, Double Pane Windows, Drapes, Rods, Shades, Shutters, Storm Window(s), Tinted Windows, Window Treatments | |||
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