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Multifamily

Broad Street Apartments

371 Broad St, Brooksville, FL 34604

Listing Price: $1,350,000

Cap Rate
6.25%
GRM
8.78

Investment Overview

16-unit multifamily community in Brooksville, Florida’s Masaryktown community (Greater Tampa Bay Area). It is the only multifamily community located in southern Hernando County community of Masaryktown. Seller has made more than $100,000 in recent capital improvements, including newly renovated units, systems upgrades and fresh paint.

Investment Highlights

  • 16-unit multifamily community in Brooksville, Florida's Masaryktown community (Greater Tampa Bay Area)
  • Only multifamily community located in southern Hernando County community of Masaryktown
  • More than $100,000 in recent capital improvements, including newly renovated units, systems upgrades and fresh paint
  • All units recently renovated with new vinyl plank flooring, countertops and appliances
  • Concrete block construction
  • 21.84% increase in Effective Gross Income achievable by end of Year Two
  • Highly visible location on US-41, a primary north-south route with 16,100 vehicles per day
  • $103,299 average household income within a two-mile radius

Exclusively Listed By

Financing By

Multifamily

Broad Street Apartments

Investment Highlights

  • 16-unit multifamily community in Brooksville, Florida's Masaryktown community (Greater Tampa Bay Area)
  • Only multifamily community located in southern Hernando County community of Masaryktown
  • More than $100,000 in recent capital improvements, including newly renovated units, systems upgrades and fresh paint
  • All units recently renovated with new vinyl plank flooring, countertops and appliances
  • Concrete block construction
  • 21.84% increase in Effective Gross Income achievable by end of Year Two
  • Highly visible location on US-41, a primary north-south route with 16,100 vehicles per day
  • $103,299 average household income within a two-mile radius

Investment Overview

16-unit multifamily community in Brooksville, Florida’s Masaryktown community (Greater Tampa Bay Area). It is the only multifamily community located in southern Hernando County community of Masaryktown. Seller has made more than $100,000 in recent capital improvements, including newly renovated units, systems upgrades and fresh paint.

Exclusively Listed By

Financing By

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