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Rhonda Gailey

rhonda@gaileyenterprises.com +1(352) 897-2018

$ 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 Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,945 sqft

Price per Sqft $241

MLS Listing ID O6308601

HOA Y/N No

Originating Board Stellar MLS

Year Built 1952

Annual Tax Amount $5,534

Lot Size 9.260 Acres

Acres 9.26

Property Sub-Type Multi Family

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

Interior Features Built-in Features, Ceiling Fans(s), Crown Molding, Open Floorplan, Primary Bedroom Main Floor, Walk-In Closet(s), Window Treatments

Heating Electric, None, Ductless

Cooling Wall/Window Unit(s)

Flooring Brick, Ceramic Tile, Concrete, Hardwood, Laminate, Linoleum, Parquet, Tile, Terrazzo, Vinyl

Fireplace false

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

Laundry None

Exterior

Exterior Feature Outbuildings, Garden, Lighting, Sidewalk, Storage

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

View Trees/Woods

Roof Type Shingle

Garage false

Private Pool No

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

Senior Community No

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/O6308601

Listed by REALTY HUB