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People's Trust Realty Inc.

[email protected] +1(727) 946-0904

$ 1,195,000

Est. payment -/mo

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7904 and 8010 SE US HIGHWAY 301 Hawthorne, FL 32640

4,945 SqFt

UPDATED:

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

HOA Y/N No

Year Built 1952

Annual Tax Amount $5,534

Lot Size 9.260 Acres

Acres 9.26

Property Sub-Type Multi Family

Source Stellar MLS

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

Appliance Cooktop, Electric Water Heater, Freezer, Microwave, Refrigerator

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

Lot Size Range 5 to less than 10

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Pets Allowed Cats OK, Dogs OK, Yes

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6308636

Listed by REALTY HUB

People's Trust Realty Inc.

Professional Realtor | CQSL3118058

+1(727) 946-0904

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People's Trust Realty Inc.

7904 and 8010 SE US HIGHWAY 301 Hawthorne, FL 32640

Key Details

Location

Interior

Exterior

Building

Others

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7904 and 8010 SE US HIGHWAY 301