553597 US-1, Hilliard, FL 32046
$1,299,900
Property Type:
Commercial Sale
Square Footage:
5,724
Lot Size (sq. ft.):
91,912
Status:
Active
Current Price:
$1,299,900
List Date:
4/06/2025
Last Modified:
5/16/2025
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.
More Information MLS# 2080168
Contract Information
Current Price: $1,299,900
List Price: $1,299,900
Status: Active
Listing Contract Date: 2025-04-06
Property Sub Type: Hotel/Motel
Location Tax and Legal
Street Number: 553597
Street Name: US-1
County: Nassau
State: FL
Postal Code: 32046
MLS Area Major: 492-Nassau County-W Of I-95/N To State Line
General Property Information
Building Area Total: 5724
Year Built: 1952
Lot Size Acres: 2.11
Waterfront YN: No
Directions: From CR 108, head North on US-1
Public Remarks: 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.
List Price/SqFt: 227.1
Status Change Information
Major Change Timestamp: 2025-04-06T23:32:25Z
Major Change Type: New Listing
Income and Expenses
Gross Income: 196116
Gross Scheduled Income: 191116
Insurance Expense: 10200
Maintenance Expense: 9000
Manager Expense: 10200
Net Operating Income: 144997.56
Operating Expense: 51118.44
Total Actual Rent: 16343
Trash Expense: 3300
Source of Expenses - Owner: Owner
Property Features
Business Type: Hotel/Motel
Ceiling Type: Drywall
Cooling: Electric; Multi Units; Wall/Window Unit(s); Window Unit(s)
Current Use: Hotel/Motel; Residential
Fencing: Chain Link
Flooring: Laminate; Tile; Vinyl
Heating: Electric; Varies by Unit
Listing Terms: Cash
Lot Features: Few Trees; Irregular Lot
Operating Expense Includes: Gardener; Insurance; Maintenance; Maintenance Grounds; Manager; Pest Control; Professional Management; Supplies; Trash
Owner Pays: Common Area Maintenance; Electricity; Exterior Maintenance; Grounds Care; Hot Water; HVAC Maintenance; Insurance; Janitorial Service; Management; Pest Control; Pool Maintenance; Repairs; Roof Maintenance; Sewer; Taxes; Trash Collection; Water
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
Road Frontage Type: Highway
Roof: Shingle
Sale Includes: Building & Land
Security Features: Closed Circuit Camera(s); Fire Alarm; Security Fence; Security Lights; Smoke Detector(s)
Sewer: Septic Tank
Tenant Pays: None
Utilities: Cable Available; Electricity Available; Electricity Connected; Water Available; Water Connected
Water Source: Well
Listing Office: US REALTY HUB
Last Updated: May - 16 - 2025
Information deemed reliable but not guaranteed.
