553597 Us Highway 1Hilliard, FL 32046

Property Details for 553597 Us Highway 1

Year built

1952

Lot size

1.93 AC

Property size (Sq ft)

8,301 SF

Property type

Other multifamily properties

Property subtype

Residential income properties

Description

This exceptional 18-unit multifamily property in Hilliard, Florida, presents a compelling investment opportunity. Located on a 1.93-acre lot at 553597 US Highway 1, this 8,301 square foot building offers a remarkable 14.38% yearly return on investment. Priced at $1,175,000, the property boasts numerous recent upgrades, including a new roof (2017), updated electrical systems (2021), fresh exterior paint (2024), and a completely repainted interior (2025). Modern amenities for tenants include new laminate flooring (2020), resurfaced tubs and bathroom tiles (2024), updated toilets and sinks (2020), and smart locks on 11 units (2024-2025). Three newer water heaters are in place, and a new well pump was installed in November 2024. The property also features two spacious three-car garages, offering versatile potential uses. A community pool, ready for renovation, presents an opportunity to further enhance rental income. New landscaping (2024) and exterior lighting (2022) contribute to the property's curb appeal. The convenient location, just a mile from the St. Mary's River and a short drive to Jacksonville and the Georgia border, ensures strong tenant demand. The proximity to a nearby weigh station adds to its appeal for truck drivers. Many long-term tenants (1-2.5 years) provide rental income stability. This well-maintained property offers a solid foundation for long-term success and significant return on investment.

Location Insight

City

Hilliard

County

Nassau

State

Florida

Latitude

30.7371

Longitude

-81.9505

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