Active

10490 CHALMER ST

SPRING HILL FL, 34608

$4,150,000


$196.50 per sqft

Active

21,120 sqft

Commercial

Built in 1996

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!"

T3500986

MLS ID

February 1, 2024

Listed

May 9, 2024

Updated

Map

10490 CHALMER ST
SPRING HILL FL, 34608

Interior Features

Total Stories

2


Appliances

Dishwasher, Dryer, Microwave, Refrigerator, Washer


Floor Description

Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.92 Acres


Sewer

Public Sewer

Other Property Details

Area Name

34608 - Spring Hill/Brooksville


Taxes

$27,586


Tax Frequency

Annually


Days on Market

71


Garage

No


View

No


County

Hernando


Municipality

23S


Water Source

Public


Pool

No


Buyer Agency Compensation

2.5%-$450

Listing History

Date

Event

Price

4/3/2024

Price Change

$4,150,000

-4%

2/27/2024

Price Change

$4,300,000

-5%

Listed by ALIGN RIGHT REALTY SUNCOAST
Listing Contact: 801-918-7745 

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Data last updated 5/9/2024, 7:51 AM UTC

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