7904 And 8010 Us Highway 301, HAWTHORNE, FL 32640
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Priced at Only: $1,195,000
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Address: 7904 And 8010 Us Highway 301, HAWTHORNE, FL 32640
Property Location and Similar Properties
- MLS#: O6308601 ( Residential Income )
- Street Address: 7904 And 8010 Us Highway 301
- Viewed: 8
- Price: $1,195,000
- Price sqft: $186
- Waterfront: No
- Year Built: 1952
- Bldg sqft: 6432
- Days On Market: 22
- Additional Information
- Geolocation: 29.5812 / -82.0881
- County: ALACHUA
- City: HAWTHORNE
- Zipcode: 32640
- Provided by: REALTY HUB
- Contact: Daniel Colombo
- 407-900-1001
- DMCA Notice
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DescriptionWelcome to an exceptional investment opportunity in Hawthorne, FL, offering a remarkable yearly ROI of 9.19% at a competitive purchase price of $1,195,000! This 14 unit multi family property, comprising four 1 bedroom/1 bath units and ten studio apartments, sits on 10 acres and promises substantial revenue potential with the addition of coin laundry facilities and mobile home/RV lots. Anticipate a market value increase to $2,500,000++ once RV lots are open! 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 property is an investor's dream, offering modern amenities and a strong rental income stream. Property also features a concrete block shed and store/laundry/office/bathhouse building both in need of renovation. This can also be a value add property, as it formerly had 11 mobile home lots on it, and can also have 38 RV sites and 10 dry camping sites and sits on over 10 acres!
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Features
Building and Construction
- Covered Spaces: 0.00
- Exterior Features: Outbuildings, Garden, Lighting, Sidewalk, Storage
- Flooring: Brick, Ceramic Tile, Concrete, Hardwood, Laminate, Linoleum, Parquet, Tile, Terrazzo, Vinyl
- Living Area: 4945.00
- Other Structures: Outbuilding, Shed(s), Storage
- Roof: Shingle
Land Information
- Lot Features: City Limits, Oversized Lot, Paved
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
- Parking Features: Common, Ground Level, Other
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Wall/Window Unit(s)
- Heating: Electric, None, Ductless
- Pets Allowed: Cats OK, Dogs OK, Yes
- Sewer: Public Sewer
- Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Electricity Connected, Fire Hydrant, Other, Phone Available, Public, Sewer Available, Sewer Connected, Sewer Nearby, Telephone Nearby, Underground Utilities, Water Available, Water Connected, Water Nearby
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Tax Year: 2024
Other Features
- Appliances: Cooktop, Electric Water Heater, Freezer, Microwave, Refrigerator
- Country: US
- Interior Features: Built-in Features, Ceiling Fans(s), Crown Molding, Open Floorplan, Primary Bedroom Main Floor, Walk-In Closet(s), Window Treatments
- Legal Description: COM SW COR OF NW1/4 SEC 35-10-22 RUN W INTO SEC 34-10-22 112.74 FT TO ELY R/W CR 200-A N 15 DEG E ALG R/W 1008.74 FT S 84 DEG E 355.11 FT TO WLY R/W US 301 S 25 DEG W ALG R/W 54.91 FT N 64 DEG W 27.75 FT S 25 DEG W ALG R/W 996.65 FT S 87 DEG W 55.57 FT POB OR 4199/1529
- Area Major: 32640 - Hawthorne
- Parcel Number: 19897-000-000
- View: Trees/Woods
- Zoning Code: CG