4111 S ALABAMA AVENUE UNIT 8

A strategically located Garden Style Apartment Complex in Homosassa, FL, covering .88 acres and comprising 8 units, all fully occupied. The current rental rates sit below the market average, presenting an immediate avenue for revenue enhancement. The complex features three structures: two triplexes and a duplex, each constructed using CBS in 1981. An added advantage is the on-site laundry facility, efficiently designed for utility cost management. Situated in the heart of Homosassa, known for its natural springs and balanced residential-business ecosystem, this property offers prospective buyers both tax benefits from Y1 acquisition and depreciation, and a favorable operational cost structure. This town offers a perfect equilibrium of residential serenity and burgeoning business opportunities. Notably, this property is strategically positioned within a 5-mile radius of major highways, ensuring easy accessibility and enhanced appeal for potential tenants.