$10,000
closing credit¹
553597 US Highway 1 Hilliard, FL 32046
Property details
About 553597 US Highway 1
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!
Highlights
Virtual tour
Summary
- MLS Number: O6276519
- MLS Name: MFRMLS
- Office Name: REALTY HUB
- Office Phone: (888) 900-1801
- Listing Agent: Daniel Colombo
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Last updated on: 2/11/2025, 10:50:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,175,000
553597 US Highway 1
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 10, 2019 | Home Sold | $115,000 |
| Mar 15, 2017 | Home Sold | $150,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $235,304 | $3,755 |
| 2022 | $167,257 | $2,285 |
| 2021 | $130,083 | $2,285 |
| 2020 | $122,375 | $2,046 |
| 2018 | $119,979 | $1,960 |
| 2017 | $116,854 | $1,169 |
History based on county public records data.
Nearby schools
8
Hilliard Elementary School
Public District KG-5
3.3 mi
•27568 Ohio St
8
Folkston Elementary School
Public District PK-3
6.7 mi
•34754 Okefenokee Dr
9
Callahan Intermediate School
Public District 3-5
13.4 mi
•34586 Ball Park Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $54,318. Most Hilliard, FL residents have annual incomes between $35k-100k. Residents typically live in married, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
NASCAR
Pro Wrestling
Where do the neighbors shop?
Wal-Mart
Dollar General
Academy Sports & Outdoors
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
Ram
GMC
Chevrolet
What do the neighbors listen to?
Classic Country
New Country- Country
This home is located at 553597 US Highway 1 in Hilliard, FL and zip code 32046. This 5,724 square foot home, which was built in 1952, sits on a 1.93 acre lot. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since February 1, 2025 and is currently priced at $1,175,000.
In January 2025 more than 0 listings in Hilliard, FL were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 0 were sold below. The inventory of homes for sale in Hilliard, FL between December and January 2025 decreased by 14.1%. Listings spent 90 days on the market in January 2025, and had a median list price of $490,900 during the same period.