553597 Us Highway 1 Hilliard, FL 32046

Property Details for 553597 Us Highway 1

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This exceptional multifamily investment opportunity in Hilliard, Florida, presents a compelling chance to acquire a well-maintained property with significant upside potential. The property, located at 553597 US Highway 1, comprises 14 studio units, two one-bedroom/one-bathroom units, and a two-bedroom/one-bathroom house. Adding to the property's appeal are two three-car garages, two well houses, and a single storage car. A laundry room and a sizable office space are also included. Recent upgrades significantly enhance the property's value and appeal. A new roof was installed in 2017, while extensive electrical work, including the replacement of breaker and electrical boxes, was completed in 2021. In 2020, a comprehensive renovation updated toilets, sinks, faucets, flooring, and light fixtures throughout much of the property. The exterior and parking lot received a fresh coat of paint in May 2024. Currently, the units generate strong rental income, with studio units renting unfurnished from $800 to $1,100 per month, and the two-bedroom/one-bathroom house commanding $1,600 to $1,800 monthly. The property also boasts a pool, presenting an opportunity to further enhance rental income with renovations. Attractively, seller financing is available, making this an even more accessible investment. The property is situated in Nassau County, Florida, with a 32046 zip code. This is a turnkey investment ready for immediate income generation and future appreciation.

Location Insight

City

Hilliard

County

Nassau

State

Florida

Longitude

-81.9506

Latitude

30.7372