$799,900
Active · 4 days on market · MLS# MFRO6378679
| Living area | 5,567 sq ft |
|---|---|
| Lot size | 4.13 acres |
| Year built | 1952 |
| Property type | Multi-Family 5+ |
| Waterfront | Yes |
| Annual taxes | $2,499 |
| County | Alachua |
Rare value-add opportunity on 4.13 acres in Hawthorne, Florida, featuring 13 income-producing units across 5 buildings with significant upside potential. The property currently generates $12,712.50 per month in gross income, with clear room for rent increases. All units have been recently refurbished, including new flooring, ceiling fans, front doors, appliances, sinks, and toilets, providing a turnkey foundation for continued cash flow. In addition, all building roofs were replaced in January 2023, minimizing near-term capital expenditures. The expansive acreage offers substantial development potential, with ample space to construct additional buildings, add mobile homes, or develop storage units. The property previously accommodated 11 mobile homes in addition to the existing buildings, highlighting its future growth possibilities. Ideal for investors seeking stable income today with long-term expansion and appreciation potential.
Listing courtesy of Daniel Colombo, REALTY HUB. Presented by MC Homes Realty Inc · 727432218.