Active

$1,195,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 4945 sq ft
Overview
  • ID: MFRO6308636
  • Bedrooms:
  • Bathrooms: 0
  • Size: 4945 sq ft
Property Details
Remarks
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!
Financial Considerations
Price:
$1,195,000
HOA Fee:
N/A
Tax Amount:
$5534.47
Price per SqFt:
$185.79
Tax Legal Description:
COM SW COR OF NW1/4 SEC 35-10-22 RUN W INTO SEC 34-10-22 112.74 FT TO ELY R/W CR 200-A N 15 DEG E ALG R/W 1008.74 FT S 84 DEG E 355.11 FT TO WLY R/W US 301 S 25 DEG W ALG R/W 54.91 FT N 64 DEG W 27.75 FT S 25 DEG W ALG R/W 996.65 FT S 87 DEG W 55.57 FT POB OR 4199/1529
Exterior Features
Lot Size:
403365
Lot Features:
City Limits, Oversized Lot, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Common, Ground Level, Other
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Electric, None, Ductless
Cooling:
Wall/Window Unit(s)
Appliances:
Cooktop, Electric Water Heater, Freezer, Microwave, Refrigerator
Furnished:
No
Floor:
Brick, Ceramic Tile, Concrete, Hardwood, Laminate, Linoleum, Parquet, Tile, Terrazzo, Vinyl
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1952
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    7904 and 8010 SE US HIGHWAY 301
Contact a Professional
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