3505 Main Street - Apartments FOR SALE


Hawthorne, FL 32640
$6,400,000 USD
954-573-4449
3505 Main Street, Hawthorne, FL for Sale
$6,400,000 USD
Apartments - FOR SALE
1/41
null | 7% Cap Rate

3505 Main Street
Hawthorne, FL 32640


HIGHLIGHTS

  • Single Family For Rent Community
  • Developer Guarantees Rent for 1 year
  • Opportunity to Purchase in Bulk Under Appraised Valuation of $355,000 Per Home
  • Close Proximity to University of Florida
  • Putnam County has Significantly Lower RE Taxes than neighboring Alachua County
  • Approximately 4-6 month Completion Time Frames

OVERVIEW

ONE Commercial Real Estate is pleased to present the West Lake build to-rent investment opportunity, strategically located near Gainesville, FL. 20 New Construction homes to be constructed with 20% down! (Asking $320,000 per home, homes appraised at $358,000) Single Family for rent boasts great benefits to larger scale/traditional multifamily with 4-6 month construction to completion, lower vacancy and tenant turnover, lower operating expenses and recession resistant! Gainesville is a dynamic hub that is home to the University of Florida and renowned for its high quality of life, affordability, and abundant amenities. This development is designed to address the growing demand for single-family rental homes, capitalizing on opportunistic location to deliver top-tier living spaces tailored to modern renters. The project promises substantial passive income through economic resilience, highlighted by low tenant turnover and minimal capital expenditures. Supported by an experienced development team with a track record of successful construction strategies and driven by strong market demand, West Lake stands out as a profitable and sustainable investment.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$168 USD /SF

# OF UNITS

20

PRICE/UNIT

$320,000

CAP RATE

7%

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Build To Rent, 20 New Const Homes, 20% down

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

11-10-23-9312-0040-0020

ASK ABOUT THIS PROPERTY

Alexis ShapiroONE Commercial Real EstateMore Info
954-573-4449

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Alexis ShapiroONE Commercial Real EstateMore Info
954-573-4449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.