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