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 $1,175,000. 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!

Details

MLS#: O6276579
Price: $1,175,000

Style: Multi-Family
Sq Ft: 5724
Year Built: 1952

County: Nassau
Subdivision: N/A
Tax Fee: 3718