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.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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