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Property Description

Direct seller financing available now with the following terms ($3 million dollars down, 7% Interest Rate, 10 year loan). 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!”

Features
: Central
: Central Air
: Tile
: Public Sewer
: Public
Appliances
: Dishwasher, Microwave, Refrigerator, Dryer, Washer
Address Map
US
FL
Hernando
Spring Hill
34608
CHALMER
10490
STREET
W83° 27' 21.6''
N28° 29' 10.9''
34608 - Spring Hill/Brooksville
Take Shady Hills Rd, and turn left on Chalmer St. Property is on the corner of Mariner Blvd and Chalmer St.
Additional Information
200x200
: Public
https://www.propertypanorama.com/instaview/stellar/T3500986
2
4300000
2024-02-01
20
: Block
: Block, Wood Frame, Stone
25564
Financial
27586.24
Listing Information
261563067
261567589
Cash,Other
Canceled
2024-08-21T16:26:07Z
Stellar
: None
2024-08-21T16:24:36Z
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10490 STREET Spring Hill

10490 Chalmer Street, Spring Hill, Florida 34608

21,120
$4,150,000
Listing ID #T3500986
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : T3500986
Price : $4,150,000
Square Footage : 21,120
Year Built : 1996
Lot Area : 0.92 Acre
Status : Canceled
Office Name : ALIGN RIGHT REALTY SUNCOAST
Agent Name : Khairi Salah
Property Sub Type : Multi-Family
Listing Status : Canceled
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Erica Diaz Team

CONTACT US

Phone: (407) 904-2702
Hours: Everyday, 9AM – 5PM
Address: 326 S Dillard St, Winter Garden, FL. 34787

Erica Diaz, P.A. DBA Erica Diaz Team. MLS License #261211327. Brokered by Homevest Realty.

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