For Sale
$899,900

8010 Us Highway 301Hawthorne, FL 32640

14-Unit Multifamily, Excellent Returns

Overview

Added:
Feb 3
Days on market:
60
This exceptional 14-unit multifamily property in Hawthorne, Florida, presents a compelling investment opportunity. Located at 8010 SE US Highway 301, this 5,567 square foot property sits on a 4.13-acre lot and is currently priced at $899,900. The property comprises four one-bedroom/one-bathroom units and ten studio apartments, all fully occupied. Recent renovations have significantly enhanced the property's value and appeal, including new roofs on two buildings, new windows, front doors, laminate flooring, toilets, ceiling fans, bathroom lighting, appliances (refrigerators, microwaves, and hotplates), outlets, switches, water heaters, and AC units in every unit. The property also features coin laundry facilities and mobile home/RV lots, adding to its income potential. City water and sewer services are readily available. Projected to appreciate to $1,050,000 within two years, this turnkey investment boasts a remarkable 14.88% yearly return on investment, making it an ideal addition to any portfolio. The property's strong occupancy rate and modern amenities ensure a consistent and substantial rental income stream. This is a rare opportunity to acquire a high-performing multifamily property in a growing market.

Property Details for 8010 Us Highway 301

Property type
Multifamily properties
Square Feet
5,567 SF
Year Built
1952
Lot Size (sq. ft)
179,903 SF

Location Insight

City
Hawthorne
County
Alachua
State
Florida
Latitude
29.58281
Longitude
-82.08773
8010 Us Highway 301, Hawthorne, Florida

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8010 Us Highway 301
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