553597 US-1 Active Save Request In-Person Tour Request Virtual Tour
Hilliard,FL 32046
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 5,724 sqft
Price per Sqft $227
MLS Listing ID 2080168
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 1952
Annual Tax Amount $4,933
Lot Size 2.110 Acres
Acres 2.11
Property Sub-Type Hotel/Motel
Property Description
Investment Opportunity in Hilliard, FL: A 18-Unit Multifamily Gem Discover a lucrative investment opportunity in the heart of Hilliard, Florida, with this impressive 18-unit multifamily building available for $1,299,900. This property boasts a remarkable yearly return on investment (ROI) of over 13% yearly, making it a standout addition to your real estate portfolio. With a prime location just off Highway 1, you're only minutes away from the Georgia border and a quick 25-minute drive to Jacksonville, making it an ideally situated asset for both tenants and investors alike. The building features two spacious 3-car garages, offering added value and flexibility for potential use as storage units, additional apartments, or even a coin laundry facility. This property has several long term tenants who pay on time! Property also has many updates including new roof in 2017, new well pump in 2024, new flooring in 2020, new toilets and sinks in 2020, New AC units in 2022.
Location
State FL
County Nassau
Area 492-Nassau County-W Of I-95/N To State Line
Direction From CR 108, head North on US-1
Interior
Heating Electric,Varies by Unit
Cooling Electric,Multi Units,Wall/Window Unit(s),Window Unit(s)
Flooring Laminate,Tile,Vinyl
Exterior
Parking Features Additional Parking,Attached,Attached Carport,Carport,Circular Driveway,Covered,Detached,Garage,Garage Door Opener,Guest,Off Street,Parking Lot,RV Access/Parking,Secured,Shared Driveway,Varies by Unit
Fence Chain Link
Utilities Available Cable Available,Electricity Available,Electricity Connected,Water Available,Water Connected
Roof Type Shingle
Private Pool No
Building
Lot Description Few Trees,Irregular Lot
Sewer Septic Tank
Water Well
Others
Tax ID 304N24000000100000
Security Features Closed Circuit Camera(s),Fire Alarm,Security Fence,Security Lights,Smoke Detector(s)
Acceptable Financing Cash
Listing Terms Cash