There are multiple listings for this address:
$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
Mortgage Calculator
Map
Courtesy of ALIGN RIGHT REALTY SUNCOAST. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
10490 CHALMER STREET
SPRING HILL, FL
$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
Mortgage Calculator
Map
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