Active

$799,900

Features:
  • 14 Bedrooms
  • 14 Bathrooms
  • 5567 sq ft
Overview
  • ID: MFRO6378669
  • Bedrooms: 14
  • Bathrooms: 14
  • Size: 5567 sq ft
Property Details
Remarks
Rare value-add opportunity on 4.13 acres in Hawthorne, Florida, featuring 13 income-producing units across 5 buildings with significant upside potential. The property currently generates $12,712.50 per month in gross income, with clear room for rent increases. All units have been recently refurbished, including new flooring, ceiling fans, front doors, appliances, sinks, and toilets, providing a turnkey foundation for continued cash flow. In addition, all building roofs were replaced in January 2023, minimizing near-term capital expenditures. The expansive acreage offers substantial development potential, with ample space to construct additional buildings, add mobile homes, or develop storage units. The property previously accommodated 11 mobile homes in addition to the existing buildings, highlighting its future growth possibilities. Ideal for investors seeking stable income today with long-term expansion and appreciation potential.
Financial Considerations
Price:
$799,900
HOA Fee:
N/A
Tax Amount:
$2499.1
Price per SqFt:
$143.69
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:
14
Bathrooms:
14
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 5+
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:
Outbuildings, Garden, Lighting, Sidewalk, Storage
Additional Features 2:
N/A
Map
  • Address
    8010 SE US HIGHWAY 301
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