Income Producing—Turn Key Investment

Poised in the depths of Florida's iconic Nature Coast, Brooksville stands as one of Hernando County's genuinely rural communities, acting as an oasis for outdoor enthusiasts. The community contains an abundance of history, housing an impressive collection of historical buildings and residences as well as an ample spread of recreational diversions. But it's the Withlacoochee State Forest, containing some of the best hiking and biking trails in the country that makes Brooksville so great. The city itself features a suburban layout, housing a number of commercial attractions, businesses and plenty of entertainment. Brooksville sits approximately 50 miles north of Tampa. Located in Hernando County, one of the fastest-growing areas north of Tampa. The property is surrounded by residential expansion, new commercial developments, and a rising population base with household income growth projected over the next five years. Currently 20 projects approved along state road 50, with 3.8M SF of commercial property and 8,000 residential units approved and 2,000 additional pending approval.This 34-unit multifamily investment opportunity in Brooksville offers a clear value-add strategy through rental growth and potential development. Located in Hernando County between two MetroLagoons communities, the property features a uniform mix of two-bedroom, two-bathroom units, all currently rented below market. An additional 2.1 acres zoned for 20 units is available, providing an opportunity to expand the community and increase its income potential. Major deferred exterior maintenance has been addressed, including roof replacements in 2025, repaved and resealed parking areas, updated pool pavers, and landscaping improvements. These completed capital projects position a new owner to focus on bringing rents toward market levels, while the available expansion acreage adds a long-term development component to the investment.