18110 SPANGLER AVENUE, Brooksville, FL 34604
Quadruplex - BROOKSVILLE, FL
- Added:
- Feb 11, 2026
- Days on Market:
- 125
- Last Refresh:
- Jun 16 at 3:06 pm
Property Features for 18110 SPANGLER AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- R1A
- Parking features
- Carport, Garage, Garage - Attached
- Interior features
- Ninguno
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- R17-223-19-1780-0250-0020
- Size
- 2,576 SF
- Lot size
- 0.90 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4003
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1992
- Number of units
- 4
- Flooring type
- Carpet, Laminate
- Building materials
- Frame
- Roof type
- Metal
- Architectural style
- Other
Listing agent David Jordan License #3333163 (727) 846-7777
Listing office REALTY ONE GROUP ADVANTAGE 24814 S R 54, Lutz, FL (727) 846-7777
Listing date Feb 11, 2026
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 4‑pad manufactured home and RV community in Garden Grove, Brooksville, FL, located off Highway 41
- Includes four fully renovated park‑owned mobile homes with strong in‑place rents
- NOI approximately $42,000 and about a 9 CAP
- All 4 mobile homes renovated between 2020 and 2025 with new kitchens and bathrooms
- Renovations include new flooring, electrical systems, and HVAC units across all 4 homes
- On‑site parking includes carport and attached garage(s); construction frame with metal roof and central air
Overview
The community is located right off Highway 41 in Hernando County, and the R1A zoning supports residential use for this type of housing configuration. The park is presented with strong in-place rents and recent capital improvements, and the offering is supported by an indicated NOI of approximately $42,000, reflecting a 9 CAP. Tenants’ privacy should be respected; all showings must be scheduled with the listing realtor.
This asset can be a practical fit for investors seeking a small, manageable, income-producing housing property with completed interior and system upgrades across all four homes. Recent renovation work spanning 2020 through 2025 is designed to reduce near-term maintenance burden while maintaining consistent rental operations across the park’s four units.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.4k | $18.00 |
| − Vacancy | −$3.3k | −$1.28 |
| EGI | $43.1k | $16.72 |
| − OpEx | −$19.4k | −$7.52 |
| NOI | $23.7k | $9.20 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooksville
- County
- Pasco
- State
- Florida
- Longitude
- -82.432509
- Latitude
- 28.482595
