4111 Alabama
Homosassa, FL 34446

$900,000 USD

Apartments For Sale • 5,888 SF

Property Details

Property Type Apartments
Total Building Size 5,888 SF
Lot Size 0.88 AC
Building Class C
Year Built 1981
Zoning MDR

30 Walk Score

                
                    Highlights
                
                                8-Unit Apartment Community Located in Homosassa Springs, FL
                            
                                6.23% Takeover Cap Rate with Adjusted Taxes and Insurance
                            
                                Two New Leases Recently Signed at $1,100/Month; Achieving $50+ Above Existing In-Place Rents, Indicating Upward Rent Momentum
                            
                                Well-Built 1980’s Vintage, Single Story Concrete Block Construction with Pitched Roofs and Central HVACs
                            
                                Nearby Retailers Include Publix (1.3 Mi), Dollar General (1.3 Mi), Tractor Supply Co. (1.4 Mi), Winn Dixie (1.5 Mi), Walmart (4.6 Mi)
                            
                                Located in Close Proximity Major Attractions Such as Homosassa Springs State Park, Withlacoochee State Forest, Crystal River Preserves State Park