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
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

