For Sale
$799,000

8333 New York AveHudson, FL 34667

High-Yield Multifamily & Industrial Complex

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Hudson, Florida investment opportunity boasts a compelling 8.83% cap rate, projected to increase to 11.58% with pro-forma improvements. Situated on 1.5 acres, the property comprises three buildings totaling 7,579 square feet and includes a 1,335 sq ft single-family residence with a pool, a 912 sq ft duplex, and a 5,332 sq ft warehouse. The warehouse features office space, a climate-controlled two-bay garage/body shop with a car lift, and ample storage. Currently generating $83,400 in gross annual income with $12,866 in expenses, resulting in a net operating income (NOI) of $70,534, this property presents significant value-add potential. The pro-forma NOI is projected at $92,500. Seven tenants occupy the property under month-to-month leases, ensuring 100% occupancy. The property's diverse income streams, including residential and commercial rentals, provide a stable and attractive investment profile. The asking price is $799,000, translating to $105.42 per square foot. This multi-use property offers a unique blend of residential and commercial space, making it an ideal investment for those seeking strong cash flow and significant upside potential through lease adjustments and yard rent increases. The property is located at 8333 New York Ave, Hudson, FL 34667.

Highlights

  • $799,000 asking price for a value-add investment opportunity.
  • 7,579 square feet on a 1.5-acre lot in Hudson, Florida.
  • Three buildings: a single-family home, a duplex, and a warehouse with office space and a garage.
  • Currently 100% occupied with seven tenants on month-to-month leases.
  • $70,534 current NOI, with a pro-forma NOI of $92,500, representing an 8.83% cap rate and a pro-forma cap rate of 11.58%.

Property Details for 8333 New York Ave

Property type
Office properties, Land
Square Feet
7,579 SF
Buildings
3
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Hudson
County
Pasco
State
Florida
Latitude
28.3753446
Longitude
-82.6764465
8333 New York Ave, Hudson, Florida

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8333 New York Ave
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