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198 BROAD ST Brooksville, FL 34604
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Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,025 sqft
Price per Sqft $74
Subdivision Masaryktown
MLS Listing ID W7839339
Sold Date 12/31/21
Construction Status Inspections
HOA Y/N No
Year Built 1945
Annual Tax Amount $10,153
Lot Size 2.140 Acres
Acres 2.14
Property Description
INCOME-PRODUCING, 16 unit, multi-family property on over 2 acres with split zoning (C1 and R1A) . C1 zoning directly on US 41 (Broad Street) where the 4 efficiency apartments are located (approximately 75 feet of C1 on US 41 and C1 on the south of the of the property. Property is made up of 6 lots (each is 60 x 260). Property has a total of 360 feet of road frontage on US 41. Daily Traffic Count = 15,300 (and growing!!). Property is made up of 4 apartments, 6 single family homes, and 6 mobile homes. The value is in the land, its location, and its zoning. The income producing units are the plus. Call to schedule a showing. P&L report from Jan-October 2021...from seller shows $40,000+ net income prior to property taxes. 4 units not rented during this time, so potential is there: office manager's house (manages property in exchange for free rent), another house to maintenance man who was not doing his job and was evicted so house can be rented), two of the mobiles (need some work before they can be rented). Owner will finance with $200,000 down, 6% interest, amortized at 15 years, with a 4 year balloon.
Location
State FL
County Hernando
Community Masaryktown
Zoning C1 R1A MH
Interior
Interior Features Other
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Fireplace false
Exterior
Exterior Feature Other
Utilities Available Electricity Connected, Propane
Roof Type Metal,Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Crawlspace, Slab
Lot Size Range 2 to less than 5
Sewer Septic Tank
Water Well
Structure Type Block,Metal Frame,Wood Frame
New Construction false
Construction Status Inspections
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with VINTAGE REALTY GROUP LLC