Welcome to an exceptional investment opportunity in Hawthorne, FL, offering a remarkable yearly ROI of 11.52% 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, finishing 2 unfinished 1/1 unit 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!
4,771 Sq Ft
4.13 Private Acres Exterior Space
Investment
$2,499 Annual Tax
Built in 1952
MLS/Listing ID 2080142
1 Stories
14 Units
Microwave
Refrigerator
Shingle
Lot - Wooded
Lot - Irregular Lot
Lot - Cleared
Vinyl
Laminate
Construction - Wood Siding
Construction - Concrete
Construction - Block
Listing Courtesy of US REALTY HUB, DANIEL COLOMBO
Source of Data: NORTHEAST FLORIDA MLS