Listing by: Khairi Salah, ALIGN RIGHT REALTY SUNCOAST, 801-918-7745
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0 Beds
n/a Full bath
21,120 SqFt
Active
We are thrilled to present one of the premier properties located in the heart of Spring Hill! This exceptional offering features 20 fully upgraded units, each boasting 2 beds and 2 full baths with plenty of room at 1,050 sqft. Positioned in a highly walkable and sought-after location, the property is surrounded by all essential amenities. With a remarkable 100% occupancy rate and a waiting list, this location is highly coveted. Sporting a 7%+ CAP rate and an impressive rental history (with some tenants having resided here for over 10 years), the property commands rent averages ranging from $1,650 to $1,720 per month on annual leases post each unit's renovation. Recent enhancements include a new roof, new water heaters, and a freshly painted exterior. Additionally, new outdoor grilling areas, fireplaces for each unit, complete shower remodeling, and more have been added. Its prime location in a high-demand rental area, coupled with the extensive renovations, makes it an outstanding investment opportunity. Offering ample parking, two coin-operated on-site laundry rooms (one for each story), a beautiful fenced pool, and a stunning indoor sitting area, this property stands out as a truly exceptional offering in the market. These features, combined with its strategic location, ensure robust rentability with minimal income volatility. Tenants will undoubtedly prefer these apartments over others, leading to reduced vacancies and shorter turnover times between tenancies. P&L statements and rent-rolls are available. Call for more information!"
Property Details | ||
---|---|---|
Price | $4,150,000 | |
Lot Size | 200 x 200 | |
Lot Size Area | 39871 | |
Lot Size Area Units | Square Feet | |
Acres | 0.92 | |
Property Type | Commercial | |
MLS Sub type | Multi Family | |
Year Built | 1996 | |
Subdivision | SPRING HILL | |
Heating | Central | |
Foundation | Block | |
Geographic Data | ||
Directions | Take Shady Hills Rd, and turn left on Chalmer St. Property is on the corner of Mariner Blvd and Chalmer St. | |
County | Hernando | |
Latitude | 28.486363 | |
Longitude | -82.544011 | |
Market Area | 34608 - Spring Hill/Brooksville | |
Address Information | ||
Address | 10490 Chalmer STREET, SPRING HILL, FL 34608 | |
Postal Code | 34608 | |
City | SPRING HILL | |
State | FL | |
Country | United States | |
Listing Information | ||
Listing Office | ALIGN RIGHT REALTY SUNCOAST | |
Listing Office Phone | 813-512-2100 | |
Listing Agent | Khairi Salah | |
Listing Agent Phone | 801-918-7745 | |
Buyer Agency Compensation | 2.5%-$450 | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | None | |
Ownership | Corporation | |
Terms | Cash, Other | |
Virtual Tour URL | https://www.propertypanorama.com/instaview/stellar/T3500986 | |
MLS® Information | ||
Days on market | 71 | |
MLS® Status | Active | |
Listing Date | Feb 1, 2024 | |
Listing Last Modified | Apr 12, 2024 | |
Tax ID | R3232317516009740060 | |
Tax Year | 2023 | |
Tax Annual Amount | 27586 | |
MLS® Area | 34608 - Spring Hill/Brooksville | |
MLS® # | T3500986 |
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This information is believed to be accurate, but without any warranty.