3505 Main St, Hawthorne, FL 32640
25 Unit Apartment Building | $7,375,000 ($295,000/Unit) | 7% Cap Rate | Hawthorne, FL 32640
For Sale
Active
Asking Price $7,375,000
- Sale Condition
- Build to Suit
- Property Type
-
Multifamily
- Square Feet
- 46,962 SF
Listing Contacts
Alexis Shapiro
Travis Jones
- Property Info
Property Overview
ONE Commercial Real Estate is pleased to present the West Lake build to-rent investment opportunity, strategically located near Gainesville, Florida. West Lake offers a flexible opportunity for investors as homes are to be constructed upon contract, giving you the ability to choose how many homes you are looking to purchase, up to 50 to be developed(Asking $295,000 per home, homes appraised at $358,000) Single Family for rent boasts great benefits to larger scale/traditional multifamily with 4-6 month construction to completion, lower vacancy and tenant turnover, lower operating expenses and recession resistant! Buyers can choose between (2) spacious 3bedroom/2bathroom Floor Plans to be built and the developer will guarantee rents for the first year! Gainesville is a dynamic hub that is home to the University of Florida and renowned for its high quality of life, affordability, and abundant amenities. This development is designed to address the growing demand for single-family rental homes, capitalizing on opportunistic location to deliver top-tier living spaces tailored to modern renters. The project promises substantial passive income through economic resilience, highlighted by low tenant turnover and minimal capital expenditures. Supported by an experienced development team with a track record of successful construction strategies and driven by strong market demand, West Lake stands out as a profitable and sustainable investment.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Units
- 25
Highlights
- Single Family For Rent Community
- Developer Guarantees Rent for 1 year
- Opportunity to Purchase in Bulk Under Appraised Valuation of $355,000 Per Home
- Close Proximity to University of Florida
- Putnam County has Significantly Lower RE Taxes than neighboring Alachua County
- Approximately 4-6 month Completion Time Frames
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