Brooksville, FL 34604,198 BROAD ST
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Brooksville, FL 34604,198 BROAD ST
Brooksville, FL 34604,198 BROAD ST
Brooksville, FL 34604,198 BROAD ST
Brooksville, FL 34604,198 BROAD ST

$600,000

Est. payment /mo

$640,000

6.3%
Est.Price: ?

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198 BROAD ST Brooksville, FL 34604

8,025 SqFt

SOLD DATE : 12/31/2021

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

Waterfront false

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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Stellar MLS
Listed by HOME LAND REAL ESTATE INC
Bought with VINTAGE REALTY GROUP LLC

Edward Gibbs

Agent | License ID: 3499381

+1(813) 785-4002

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