804 U.S. 301 - Apartments FOR SALE


Hawthorne, FL 32640
$899,900 USD
407-489-9070
804 U.S. 301, Hawthorne, FL for Sale
$899,900 USD
Apartments - FOR SALE
1/10
null | 12.99% Cap Rate

804 U.S. 301
Hawthorne, FL 32640


HIGHLIGHTS

  • Long Term Tenants
  • Fresh Exterior Paint
  • New Roofs

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$899,900 USD

PRICE/SF

$151 USD /SF

# OF UNITS

14

PRICE/UNIT

$64,279

CAP RATE

12.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Studios at The Ranch

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.13 AC

LAND SF

179,903 SF

ZONING

CG

APN/PARCEL ID

19917-001-000

ASK ABOUT THIS PROPERTY

Daniel ColomboRealty HubMore Info
407-489-9070

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Daniel ColomboRealty HubMore Info
407-489-9070

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