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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.
Features
Age: Over 50 Years Old
Architecture Style: Other
Building Units: 13
Cooling System: Window Unit(s)
Cooling System: Multi Units
Cooling System: Wall/Window Unit(s)
Exterior Type: Block
Exterior Type: Concrete
Legal Description: COM SW COR OF NW1/4 SEC 35-10-22 RUN W 112.74 FT TO ELY R/W CR 200-A N 15 DEG E ALG R/W 1008.74 FT POB CONT N 15 DEG E 391.62 FT N 87 DEG E 498.31 FT TO WLY R/W US 301 S 25 DEG W ALG R/W 485.62 FT N 84 DEG W 355.11 FT POB OR 4199/1529