Price Reduced 7.78%


Price History

$4,500,000
2/1/2024

$4,300,000
2/26/2024

$4,150,000
4/3/2024


10490 Chalmer STREET, Spring Hill, FL, 34608

10490 Chalmer STREET, Spring Hill, FL, 34608

1996

21,120 sqft

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!"


Status:

Active

Type:

Commercial

Units:

20

Complex:

SPRING HILL

Heating:

Central

Cooling:

Central Air

Levels:

2

Lot Size:

200 x 200

Acreage:

0.92

Est. Taxes:

$27,586

Construction

Block, Stone, Wood Frame

Utilities

Public

Days on Market:

71

Appliances:

Dishwasher, Dryer, Microwave, Refrigerator, Washer

MLS #:

T3500986


Community Info

School Info

Walk Score

Yelp



Listing courtesy of ALIGN RIGHT REALTY SUNCOAST Phone: 813-512-2100