Address
10490 Chalmer STREET, SPRING HILL, FL
Price
$ 4,150,000
Property Attributes
- MLS#T3500986
- TypeCommercial
- CountyHERNANDO
- CitySPRING HILL
- AreaSpring Hill-Brooksville
- NeighborhoodSpring Hill
- Zip34608
- StyleMulti Family
- Year Built1996
- Taxes$ 27586
- Price$ 4,150,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage21120
- Lot Size0.92 Acres
Data Source:
Stellar MLS
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!"
| Price History | |
|---|---|
| 2/1/2024 | Listed $4,500,000 |
| 2/27/2024 | 5% - $4,300,000 |
| 4/3/2024 | 4% - $4,150,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Utilities | Public |
| Appliances | Dishwasher,Dryer,Microwave,Refrigerator,Washer |
| Security Features | Smoke Detector(s) |
| Construction Materials | Block,Stone,Wood Frame |
| Year Built | 1996 |
| Property SubType | Multi Family |
| Tax Year | 2023 |
| Percent Ownership | Corporation |
| County | Hernando |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | SPRING HILL |
| Status | Active |
| Directions | Take Shady Hills Rd,and turn left on Chalmer St. Property is on the corner of Mariner Blvd and Chalmer St. |
| City | SPRING HILL |
| Buyer Agent Compensation | 2.5%-$450 |
| Total Units | 20 |
| MLS Area | 34608 - Spring Hill/Brooksville |
| Lot Size Square Feet | 39871 |
| Waterfront Y/N | No |
| Street Name | Chalmer |
| Listing Terms | Cash,Other |
| Tax Annual Amount | 27586.24 |
| Public Remarks | 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 ple |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/T3500986 |
| Days on Market | 71 |
| Standard Status | Active |
| Tax Lot | 6 |
| Legal Description | SPRING HILL UNIT 16 BLK 974 LOT 6 |
| Water Access Y/N | No |
| Water View Y/N | No |
Interior Features
| Flooring | Tile |
|---|---|
| Total Stories | 2 |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| LivingAreaSource | Public Records |
| Living Area Units | Square Feet |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 39871 |
| Foundation Details | Block |
| Number of Buildings | 2 |
| Building Area Total | 25564 |
| Lot Dimensions | 200 x 200 |
| Lot Size Acres | 0.92 |
| Road Surface Type | Paved |
| Lot Size Units | Square Feet |
| Road Frontage Type | Access Road,Business District,Highway |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 34608
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 12, 2024 3:46 PM UTC
