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10490 Chalmer Street

Spring Hill, FL 34608
  • $4,150,000
  • STATUS: Active
  • ON SITE: 112 Days
  • MLS #: T3500988
UPDATED: 215 min ago
$4,150,000
  • 0
    BEDS
  • 0.92
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 21,120
    SQFT
  • $196
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1996
County:

School Ratings & Info

Description

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!"

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-05-23T23:49:43.197.
www.momentumrealtors.com/homes/147152079
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10490 Chalmer Street Spring Hill, FL 34608

  • Price: $4,150,000
  • Status: Active
  • On Site: 112 Days
  • Updated: 215 min ago
  • MLS #: T3500988
0
Beds
0
Baths
0
½ Baths
0.92
Acres
21,120
SQFT
$196
$/SQFT
1996
Built
Neighborhood:
Spring Hill
County:
Hernando
Area:
Spring Hill/Brooksville
Property Description
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!"
Exterior Features

Carport Yn No Construction Materials BlockWood Frame Exterior Features LightingOtherOutdoor Grill Foundation Details Block Lot Features Corner LotNear Public Transit Lot Size Dimensions 200 x 200 Pool Features In Ground Pool Private Yn Yes Road Frontage Type Street Paved Road Surface Type Paved Roof Shingle View City Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Cooling Central Air Cooling YN Yes Fireplace Yn Yes Flooring Tile Heating Central Heating YN Yes Interior Features Ceiling Fans(s)Kitchen/Family Room ComboOpen Floorplan Laundry Features Common AreaLaundry Room Sewer Public Sewer Water Source Public

Property Features

Annual Expenses 60000 Annual Net Income 336000 Association Yn No Cdd Yn No Est Annual Market Income 408000 Flood Zone Code X Garage Yn No Lease Considered YN Yes Lease Restrictions YN No Lease Term 12 Months Listing Terms CashOther Minimum Lease No Minimum New Construction Yn No Ownership Fee Simple Property Sub Type Multi Family Realtor Info No Sign Senior Community Yn No Special Listing Conditions None Tax Annual Amount 27586.24 Total Annual Fees 0 Total Monthly Fees 0 Utilities Cable ConnectedElectricity ConnectedPublicSewer ConnectedWater Connected Zoning MULTI FAMI


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of ALIGN RIGHT REALTY SUNCOAST: 813-512-2100.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-05-23T23:49:43.197.
 
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Momentum Realty
12627 San Jose Blvd. 303
Jacksonville FL, 32223