John Burpee & Associates is proud to present their newest exclusive listing. The Main Brook and Villas at Oakdale are a two-property portfolio located in Brooksville, Fl approximately 45 miles North of Tampa. The properties are located in Hernando County, one of the fastest growing counties in Florida and considered part of the Greater Tampa MSA. The Main Brook property is concrete-block construction with New (1 Year Old) pitched shingle roofs and concrete foundations. The Villas of Oakdale are wood frame structures over concrete foundations with brand new pitched shingle roofs (2024) throughout the entire property. Neither property requires flood insurance, and both are located near the city center of Brooksville. Both assets offer a wide variety of unit types ranging from 1 bed / 1 bath to the only 3 Bed / 1 Bath units available in the immediate market. Both assets are run by the current onsite manager that is willing to stay in place. Most of the maintenance is done via outside third party vendors thus allowing for a new owner to capitalize on economies of scale by hiring an onsite maintenance person to handle unit turns and general maintenance. The property has a proven value-added rent increase through unit renovations with an average rent increase between $125 and $175 per unit depending upon unit size. The current owner is a hands-on owner operator that believes a full house is better than a market rate house. This allows the next owner to increase rents according to market rates across the 78 units. All units are individually metered through the city of Brooksville for water, sewer & trash, thus allowing for overall reduced operating expenses and possible condo conversion of the properties in the future. The property currently has an assumable $4.8 million Fannie Mae first mortgage at 3.52% with an additional $2 million in secondary financing recently approved through Fannie Mae for a overall blended rate of 4.39%.