553597 US HIGHWAY 1, Hilliard, FL 32046
$1,299,900
Property Type:
Residential Income
Bedrooms:
337
Baths:
5
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# 2080126
Contract Information
Current Price: $1,299,900
List Price: $1,299,900
Status: Active
Listing Contract Date: 2025-04-06
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 553597
Street Name: US HIGHWAY 1
County: Nassau
State: FL
Postal Code: 32046
Subdivision Name: Nassau
MLS Area Major: 492-Nassau County-W Of I-95/N To State Line
General Property Information
Number Of Units Total: 17
Bedrooms Total: 337
Bathrooms Total: 5
Bathrooms Full: 5
Living Area: 5724
New Construction YN: No
Year Built: 1952
Garage YN: Yes
Garage Spaces: 6
Carport YN: Yes
Carport Spaces: 2
Lot Size Acres: 2.11
CDD Fee YN: No
Pool Private YN: Yes
Stories Total: 2
Stories: 2
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: 2025-04-06T15:06:10Z
Major Change Type: New Listing
Income and Expenses
Gross Income: 196116
Gross Scheduled Income: 144997.56
Operating Expense: 51118.44
Unit 1 Details
Unit ID: 12
Actual Rent: 950
Unit SqFt: 336
Furnished: Unfurnished
Unit Remarks: Rented at $950/MO until 9/30/2025
Unit 2 Details
Unit ID: Unit 10
Actual Rent: 900
Unit SqFt: 336
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Long term tenant, over two years, $900/MO month to
Unit 3 Details
Unit ID: Unit 1
Actual Rent: 860
Unit SqFt: 176
Furnished: Unfurnished
Unit Remarks: Rented at $860 month to month.
Unit 4 Details
Unit ID: 16
Actual Rent: 950
Unit SqFt: 336
Beds Total: 336
Furnished: Unfurnished
Unit Remarks: Rented at $950 until 2/28/2026
Unit 5 Details
Unit ID: Unit 15
Actual Rent: 950
Unit SqFt: 336
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Rented at $950/MO until April 30th, 2026
Unit 6 Details
Unit ID: Unit 6
Actual Rent: 1000
Unit SqFt: 376
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Rented at $1,000/MO until 11/30/2025
Unit 7 Details
Unit ID: Unit 7
Actual Rent: 799
Unit SqFt: 176
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Rented at $799/MO until 3/31/2026
Unit 8 Details
Unit ID: Unit 8
Actual Rent: 850
Unit SqFt: 176
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Rented at $850/MO until 4/30/2026
Property Features
Appliances: Electric Oven; Electric Range; Electric Water Heater; Freezer; Ice Maker; Microwave; Plumbed For Ice Maker; Refrigerator; Washer; Water Softener Owned
Cooling: Wall/Window Unit(s)
Current Use: Residential
Electric: Underground
Exterior Features: Fire Pit
Fencing: Chain Link
Financial Data Source: Owner
Flooring: Laminate; Tile; Vinyl
Green Energy Efficient: Appliances; Lighting; Water Heater
Green Water Conservation: Low-Flow Fixtures
Heating: Varies by Unit
Income Includes: Rent Only
Laundry Features: Common Area
Levels: Two
Listing Terms: Cash
Lot Features: Cleared; Few Trees; Irregular Lot
Other Structures: Shed(s); Workshop
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; Other
Parking Features: Additional Parking; Attached; Carport; Circular Driveway; Covered; Detached; Garage; Garage Door Opener; Guest; Off Street; Parking Lot; RV Access/Parking; Shared Driveway; Unassigned; Varies by Unit
Pool Features: In Ground; Fenced
Possession: Subject To Tenant Rights
Road Frontage Type: Highway
Road Surface Type: Asphalt; Gravel; Paved
Roof: Shingle
Security Features: Closed Circuit Camera(s); Security Fence; Security Lights; Smoke Detector(s)
Sewer: Septic Tank
Smart Home Features: Bulbs
Spa Features: Community; In Ground; Private
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.
