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Multifamily

Oak Park Apartments

460 Hale Ave, Brooksville, FL 34601

Listing Price: Request For Offer

Number of Units
50
Gross SF
40,150

Investment Overview

50-unit multifamily community in Brooksville, FL (Greater Tampa Bay Area)

Investment Highlights

  • Attractive unit mix with majority two-bedroom units
  • All units individually metered for water and sewer
  • Property accounts for 8.7% of Class B & C market rate stock in Brooksville, per Costar
  • Proven upside, with ten already-completed unit-interior renovations. Continued renovations may realize a massive 47.8% increase in Effective Gross Income by end of Year Two
  • More than $100,000 in recent capital improvements, including three new roofs, freshly sealed and striped parking area, and new landscaping throughout
  • Concrete block construction
  • Less than one mile to Downtown Brooksville, the county seat of Hernando County
  • Less than one hour to Downtown Tampa, Tampa International Airport and Westshore Business District with more than 4,000 businesses and 100,000 employees

Exclusively Listed By

Multifamily

Oak Park Apartments

Listing Price: Request For Offer

Number of Units
50
Gross SF
40,150

Investment Highlights

  • Attractive unit mix with majority two-bedroom units
  • All units individually metered for water and sewer
  • Property accounts for 8.7% of Class B & C market rate stock in Brooksville, per Costar
  • Proven upside, with ten already-completed unit-interior renovations. Continued renovations may realize a massive 47.8% increase in Effective Gross Income by end of Year Two
  • More than $100,000 in recent capital improvements, including three new roofs, freshly sealed and striped parking area, and new landscaping throughout
  • Concrete block construction
  • Less than one mile to Downtown Brooksville, the county seat of Hernando County
  • Less than one hour to Downtown Tampa, Tampa International Airport and Westshore Business District with more than 4,000 businesses and 100,000 employees

Investment Overview

50-unit multifamily community in Brooksville, FL (Greater Tampa Bay Area)

Exclusively Listed By

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