7904 and 8010 SE US HIGHWAY 301 new Save Request In-Person Tour Request Virtual Tour
Hawthorne,FL 32640
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,945 sqft
Price per Sqft $241
MLS Listing ID O6308636
Year Built 1952
Annual Tax Amount $5,534
Lot Size 9.260 Acres
Property Sub-Type Multi Family
New Construction false
Property 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!
Location
State FL
County Alachua
Area 32640 - Hawthorne
Zoning CG
Interior
Heating Electric,None,Ductless
Cooling Wall/Window Unit(s)
Flooring Brick,Ceramic Tile,Concrete,Hardwood,Laminate,Linoleum,Parquet,Tile,Terrazzo,Vinyl
Exterior
Parking Features Common,Ground Level,Other
Community Features Sidewalks,Street Lights
Utilities Available 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
Roof Type Shingle
Building
Lot Description City Limits,Oversized Lot,Paved
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6308636