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)
Oak Park Apartments
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
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
