553597 Us Highway 1
HILLIARD, FL 32046
- – beds
- – baths
- 5,724 sqft
- ~2 acre lot
- $205 per sqft
- 1952 build
- – on site
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!
Last checked:
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Checking…
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Last updated Apr 15, 2025
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MLS# O6276519 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1952
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New Construction:false
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Construction Materials:Block
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Roof:Shingle
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Foundation Details:Slab
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Security Features:Security Lights
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# of Buildings:8
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Building Area Total:8301
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Building Area Units:Square Feet
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Building Area Source:Public Records
Interior
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Interior Features:Primary Bedroom Main Floor
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Fireplace:false
Room Dimensions
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Living Area:5724
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Living Area Units:Square Feet
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Living Area Source:Public Records
Location
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Directions:FROM CR-108 HEAD NORTH ON US-1. PROPERTY IS ON YOUR LEFT.
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Latitude:30.736907
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Longitude:-81.95056
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Coordinates:-81.95056, 30.736907
The Property
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Parcel Number:304N24000000100000
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Property Type:Residential Income
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Property Subtype:Multi Family
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Property Condition:Completed
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Lot Size Acres:1.93
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Lot Size Area:1.93
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Lot Size SqFt:84070
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Lot Size Units:Acres
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Total Acres:1 to less than 2
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Zoning:001200
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View:false
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Exterior Features:Outbuilding
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Water Source:Well
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Road Surface Type:Asphalt
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Flood Zone Code:X
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Additional Parcels:false
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (407) 489-9070
- Office phone:
- (407) 900-1001
Taxes
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Tax Year:2023
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Tax Lot:NA
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Tax Block:NA
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Tax Legal Description:IN OR 2107/3
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Tax Book Number:NA
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Tax Annual Amount:3718
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/stellar/O6276519
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Special Listing Conditions:None
Heating & Cooling
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Heating:None
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Heating:false
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Cooling:Wall/Window Unit(s)
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Cooling:true
Utilities
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Utilities:BB/HS Internet Available
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Sewer:Septic Tank
Appliances
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Laundry Features:Laundry Room
The Community
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Subdivision Name:N/A
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Senior Community:false
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Waterview:false
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Water Access:false
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Waterfront:false
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Pool Private:true
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Pool Features:Child Safety Fence
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Association:false
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Ownership:Fee Simple
Parking
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Garage:true
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Attached Garage:false
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Garage Spaces:3
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Carport:true
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Carport Spaces:2
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Covered Spaces:5
Extra Units
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# of Units Total:18
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/31/25
Jan 31, 2025
|
Listed / Active | STELLAR_MLS | $1,175,000 | |
|
7/19/24
Jul 19, 2024
|
Price Changed | STELLAR_MLS | ||
|
6/29/24
Jun 29, 2024
|
Price Changed | STELLAR_MLS |
