11 Acres $30k Below Land Value in Hawthorne

Putnam County, Hawthorne, FL, 32640
Sold
Listed at: January 30th, 2024
Price
$99,900
ARV
$145,000
Gross Margin
$45,100
Sq. Footage
0
Type
Land
Parking
Unassigned
Year build
1900
Lot size
11.00 acres
Bedrooms
0
Bathrooms
0
Half Bathrooms
0
Summary

This 11.06 acres of land, located between Interlachen and Hawthorne, and in proximity to both Keystone Heights and Gainesville offers an investor multiple exit strategies. With land selling between $13-$22k an acre, this property could be listed on the market for a conservative $13k an acre, presenting an investor with the lucrative opportunity to make $30k with no additional money needed. This property also presents an investor with the opportunity to develop the land into a single family community, or a mobile home park. This property is currently zoned agriculture, giving an investor the chance to rezone the property to maximize the developmental opportunity, or to work within the current zoning standards. Another great point about this property is the land value is $130k, so a savvy investor has the opportunity to acquire it at a $30k discount.

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Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Adrian Pagano

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