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Multifamily

Sunny Point Apartments

460 Hale Ave, Brooksville, FL 34601

Listing Price: $7,650,000

Cap Rate
6.50%
GRM
9.71

Investment Overview

50-unit gated multifamily community in Brooksville, FL (Greater Tampa Bay Area), Attractive unit mix with majority two-bedroom units.

Investment Highlights

  • 50-unit gated multifamily community in Brooksville, FL (Greater Tampa Bay Area)
  • More than $1-million in recent capital improvements, including seven new roofs, new & improved amenities, freshly sealed and striped parking area, and new landscaping throughout
  • Proven upside, with 38 already-completed unit-interior renovations
  • Continued renovations may realize a 17% increase in Effective Gross Income and 7.44% cap rate by end of Year Two
  • Attractive unit mix with majority two-bedroom units
  • Amenities include gated entrance, pet park, playground and recently upgraded and modernized laundry facility
  • All units individually metered for water and sewer
  • Concrete block construction

Exclusively Listed By

Financing By

Multifamily

Sunny Point Apartments

Investment Highlights

  • 50-unit gated multifamily community in Brooksville, FL (Greater Tampa Bay Area)
  • More than $1-million in recent capital improvements, including seven new roofs, new & improved amenities, freshly sealed and striped parking area, and new landscaping throughout
  • Proven upside, with 38 already-completed unit-interior renovations
  • Continued renovations may realize a 17% increase in Effective Gross Income and 7.44% cap rate by end of Year Two
  • Attractive unit mix with majority two-bedroom units
  • Amenities include gated entrance, pet park, playground and recently upgraded and modernized laundry facility
  • All units individually metered for water and sewer
  • Concrete block construction

Investment Overview

50-unit gated multifamily community in Brooksville, FL (Greater Tampa Bay Area), Attractive unit mix with majority two-bedroom units.

Exclusively Listed By

Financing By

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