Welcome to an exceptional investment opportunity in Hawthorne, FL, offering a remarkable yearly ROI of 14.88% at a competitive purchase price of $899,900. This 14-unit multi-family property, comprising four 1-bedroom/1-bath units and ten studio apartments, promises substantial revenue potential with the addition of coin laundry facilities and mobile home/RV lots. Anticipate a market value increase to $1,050,000 by Year 2. 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 turnkey property is an investor's dream, offering modern amenities and a strong rental income stream.
MLS# | O6276879 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | For-sale |
Status | Active |
Year | 1952 |
Days On Site | 5 |
Listing Provided By | REALTY HUB | Daniel Colombo |
SQ Feet | 5,567 |
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Units | 14 |
Zoning | CG |
Acreage | 4.13 |
State | FL |
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County | Alachua |
City | HAWTHORNE |
Zip Code | 32640 |
Area | 32640 Hawthorne |
Community Name | N/A |
Listing VS Median (in N/A) | |
Price: $899,900 low | high Med: $450,000 SqFt: 5,567 low | high Med: 2,379 $ / SqFt: $162 low | high Med: $189 On Site: 5 low | high Med: 185.000000 |