371 Broad St., Masaryktown, FL, 34604 - Available for Sale

Multifamily For Sale

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La Siesta

371 Broad St., Masaryktown, FL 34604

$230,000

15 Units | Multifamily

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Front of property facing SR. 41 (Broad Street)

Multifamily Property For Sale - In Contract

Price:
$230,000
No. Units:
15
Building Size:
6,584 SF
Price/Unit:
$15,333.33
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Distressed:
Yes
Commission Split:
3%
Cap Rate:
20%
Gross Rent Multiplier:
26
Lot Size:
31,200 SF
APN / Parcel ID:
R3622318269002000060
Listing ID
18325195
Last Updated
7 days ago

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Description

LIVE WHERE YOU WORK AND ENJOY PROPERTY INCOME!!!!!!
15 units in 3 buildings approximately 7 miles South of Brooksville in Masaryktown, Hernando County. 14 units are one room efficiencies and 1 unit is a 2 BR., 2 BA. apartment good for rental or for an owner occupied property. Lots of highway frontage and all units are generally furnished for short or longer term stays. The 14 efficiencies are all on the first floor and the 2 BR. apartment is on the 2nd floor. Currently, 15 of the 15 units are leased. The property has had a number of units out of service but all are leasable now and the property has just recently become fully leased. At 100% occupancy, the property is projected to produce monthly revenue of $9,140.00.

From Downtown Brooksville travel South on SR. 41 (Broad Street) approximately 7 miles to Masaryktown....address is 371 Broad St. on the West side of SR. 41.

Map of 371 Broad St., Masaryktown, FL 34604 (Hernando County)

Research for 371 Broad St., Masaryktown, FL 34604 (Hernando County)

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Contact Listing Broker to find out more details.

Presented by Stillwater Companies Realty, LLC
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Jerome Stewart
Jerome Stewart

Owner and Licensed Real Estate Broker for Stillwater Companies Realty, LLC and Licensed General Contractor

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License #BK3228460

Asking Price Index Trends for Masaryktown, FL Multifamily For Sale

  Jun 14 vs. 3 mo.
prior
Y-O-Y
-
State
$71,643+4.0%+8.9%
-
Metro
$53,494+6.3%+10.1%

View Masaryktown Market Trends for other property types for sale or lease. Learn more about the chart info.

Created 8/23/2013
La Siesta
  • Multifamily
  • $230,000
  • 15 Units
  • 6,584 SF