Property Description
Introducing the Brooksville BFR Portfolio – an exceptional opportunity to invest in 43 undeveloped lots located in the heart of Brooksville, Florida. This property is part of the Tampa-St Petersburg-Clearwater MSA and is the county seat for Hernando County. The Brooksville BFR Portfolio is strategically located in a prime area with electricity and water readily available, and septic service required. The zoning for the property is R1B, which does not allow pre-manufactured or mobile housing, ensuring that the surrounding homes maintain their high value.
This investment opportunity boasts sixteen lots that will border a county owned ponding area that is currently in natural condition. The Brooksville BFR Portfolio will require clearing and cleaning, as well as some leveling. The portfolio is mostly contiguous, allowing for desirable management economies of scale, making it an excellent choice for investors.
The Seller has provided early work product in the form of three different models available for development through a local builder. The address of 19254 Wildwood Drive is currently under construction and is available for sale separately from the portfolio at a list price of $274,900.00. The price for this address will be negotiated above the acquisition price for the Brooksville BFR Portfolio. This property is being separately marketed with collaboration through Derek Venema of Home Land Real Estate Inc via MLS Number W7850977.
The cost of construction for each home will be +/- $200,000.00, depending on the model selected. Rents in the broader market for similar housing can range from $2,000 to $2,400, creating a healthy financial pro forma ripe for a sound investment. Don’t miss this opportunity to invest in one of the most desirable areas of Brooksville, Florida with connectivity to the downtown core and Community Redevelopment Agency.