10490 CHALMER STREET SPRING HILL FL 34608 MLS #T3500986

There are multiple listings for this address:
10490 CHALMER STREET
SPRING HILL, FL, 34608
$4,150,000
Beds
0 Baths
21,120 SqFt
0.92 Acres
$4,150,000
10490 CHALMER STREET
SPRING HILL, FL, 34608
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!”

Property Details

Price:
$4,150,000
MLS #:
T3500986
Status:
Active
Beds:
0
Baths:
0
Address:
10490 CHALMER STREET
Type:
Commercial
Subtype:
Multi Family
Subdivision:
SPRING HILL
City:
SPRING HILL
Listed Date:
Feb 1, 2024
State:
FL
Finished Sq Ft:
21,120
ZIP:
34608
Lot Size:
39,871 sqft / 0.92 acres (approx)
Year Built:
1996

Schools

Interior

Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Cooling
Central Air
Flooring
Tile
Heating
Central

Exterior

Construction Materials
Block, Stone, Wood Frame

Financial

Buyer Agent Compensation
2.5%-$450%
Tax Year
2023
Taxes
$27,586
Need more info?
Ask a Question
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Schedule a Showing

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10490 CHALMER STREET
SPRING HILL, FL
10490 CHALMER STREET
SPRING HILL, FL, 34608
$4,150,000
Beds
0 Baths
21,120 SqFt
0.92 Acres
$4,150,000
10490 CHALMER STREET
SPRING HILL, FL, 34608
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!”

Property Details

Price:
$4,150,000
MLS #:
T3500988
Status:
Active
Beds:
0
Baths:
0
Address:
10490 CHALMER STREET
Type:
Multi Family
Subdivision:
SPRING HILL
City:
SPRING HILL
Listed Date:
Feb 1, 2024
State:
FL
Finished Sq Ft:
21,120
ZIP:
34608
Lot Size:
39,871 sqft / 0.92 acres (approx)
Year Built:
1996
Units:
20

Schools

Interior

Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Cooling
Central Air
Flooring
Tile
Heating
Central

Exterior

Construction Materials
Block, Stone, Wood Frame

Financial

Buyer Agent Compensation
2.5%-$450%
Tax Year
2023
Taxes
$27,586
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing

Mortgage Calculator

 

Map