St. Augustine ONE Sotheby's International Realty
ONE Sotheby's International Realty- St. Augustine
[email protected] +1(904) 829-2002553597 US HIGHWAY 1 Hilliard, FL 32046
5,724 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,724 sqft
Price per Sqft $205
MLS Listing ID O6276519
Construction Status Completed
HOA Y/N No
Originating Board Stellar MLS
Year Built 1952
Annual Tax Amount $3,718
Lot Size 1.930 Acres
Acres 1.93
Property Sub-Type Multi Family
Property Description
Discover a lucrative investment opportunity in the heart of Hilliard, Florida, with this impressive 18-unit multifamily building available for $1,175,000. This property boasts a remarkable yearly return on investment (ROI) of 14.38%, 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. The property is well-equipped with two wells—one of which has a new pump installed as of November 2024. Existing long-term tenants have established roots here, with many having lived on the property for 1 to 2.5 years, providing stability in rental income.
Enhancing the value of this property further is the large community pool, ready for renovation, which presents an opportunity to increase rental rates once updated. Numerous improvements have been made throughout the property, including three newer water heaters, a new well pump in 2024, a new roof installed in 2017, and updated electrical systems, including breaker boxes, switches, and outlets (2021). The entire building showcases fresh exterior paint (2024), with the interior being freshly painted in 2025, ensuring an inviting atmosphere for residents.
Tenants will appreciate the modern amenities, such as new laminate flooring installed in 2020, newly resurfaced tubs and bathroom tiles (2024), and updated toilets and sinks (2020). With new landscaping (2024) and exterior lighting (2022) stabilizing the property's curb appeal, this multifamily building is positioned for long-term success. Recent ac replacements (2022) and the inclusion of smart locks on 11 units (2024-2025) further complement this investment's appeal.
This substantial property sits on a large lot, conveniently located just a mile from the picturesque St. Mary's River, where residents can enjoy fishing and campgrounds. For those seeking leisure, Fernandina Beach and Amelia Island are just an hour away. Additionally, the nearby weigh station, located just half a mile away, provides an attractive feature for truck drivers and ensures consistent interest in the rental units.
With its solid foundation, strategic upgrades, and favorable location, this Hilliard, FL, 18-unit building is a compelling investment opportunity. Don't miss your chance to capitalize on the potential of this well-maintained property today!
Location
State FL
County Nassau
Area 99999 - Unknown
Zoning 001200
Interior
Interior Features Primary Bedroom Main Floor
Heating None
Cooling Wall/Window Unit(s)
Fireplace false
Laundry Laundry Room
Exterior
Exterior Feature Garden, Lighting, Other, Private Mailbox, Rain Gutters, Sidewalk, Storage
Garage Spaces 3.0
Pool Child Safety Fence, Gunite, In Ground
Utilities Available BB/HS Internet Available, Electricity Available, Electricity Connected, Fiber Optics, Phone Available, Public, Sewer Available, Street Lights, Telephone Nearby, Underground Utilities, Water Available, Water Connected
Roof Type Shingle
Attached Garage false
Garage true
Private Pool Yes
Building
Foundation Slab
Lot Size Range 1 to less than 2
Sewer Septic Tank
Water Well
Structure Type Block
New Construction false
Construction Status Completed
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6276519
