371 Broad St - Apartments FOR SALE


Masaryktown, FL 34604
$1,250,000 USD
813-334-1184
371 Broad St, Masaryktown, FL for Sale
$1,250,000 USD
Apartments - FOR SALE
1/6
null | 6.76% Cap Rate

371 Broad St
Masaryktown, FL 34604


HIGHLIGHTS

  • Only multifamily community located in southern Hernando County community of Masaryktown
  • Concrete block construction
  • Highly visible location on US-41, a primary north-south route with 16,100 vehicles per day
  • Walkable location with several restaurants and Dollar General in immediate proximity
  • 2.6 Miles to Publix Super Market at Shoppes at Avalon
  • 15 minutes to Downtown Brooksville, the county seat of Hernando County

OVERVIEW

16-unit multifamily community in Brooksville, Florida’s Masaryktown community (Greater Tampa Bay Area). 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. 23.24% increase in Effective Gross Income achievable by end of Year Two. $103,299 average household income within a two-mile radius.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

16

PRICE/UNIT

$78,125

CAP RATE

6.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Broad Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

MF

APN/PARCEL ID

R36-223-18-2690-0200-0060

ASK ABOUT THIS PROPERTY

Ned RobertsRPH MultifamilyMore Info
813-334-1184

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ned RobertsRPH MultifamilyMore Info
813-334-1184

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.