Active

$899,900

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 5567 sq ft
Overview
  • ID: MFRO6276580
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 5567 sq ft
Property Details
Remarks
Welcome to an exceptional investment opportunity in Hawthorne, FL, offering a remarkable yearly ROI of 14.88% at a competitive purchase price of $899,900. This 14-unit multi-family property, comprising four 1-bedroom/1-bath units and ten studio apartments, promises substantial revenue potential with the addition of coin laundry facilities and mobile home/RV lots. Anticipate a market value increase to $1,050,000 by Year 2. 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 turnkey property is an investor's dream, offering modern amenities and a strong rental income stream.
Financial Considerations
Price:
$899,900
HOA Fee:
N/A
Tax Amount:
$2499.1
Price per SqFt:
$161.65
Tax Legal Description:
COM SW COR OF NW1/4 SEC 35-10-22 RUN W 112.74 FT TO ELY R/W CR 200-A N 15 DEG E ALG R/W 1008.74 FT POB CONT N 15 DEG E 391.62 FT N 87 DEG E 498.31 FT TO WLY R/W US 301 S 25 DEG W ALG R/W 485.62 FT N 84 DEG W 355.11 FT POB OR 4199/1529
Exterior Features
Lot Size:
179903
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
None
Cooling:
Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1952
Construction Type:
Block, Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Awning(s), Lighting, Sidewalk, Sliding Doors, Storage
Additional Features 2:
N/A
Map
  • Address
    8010 SE US HIGHWAY 301
Contact a Professional
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