For Sale - Commercial Sale For Sale - - - - Price $4,300,000 - T350098
10490 CHALMER
21,120 Sqft
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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!”

Basic Details
Property Type:
Commercial Sale
Listing Type:
For Sale
Listing ID:
T3500986
Price:
$4,300,000
Bedrooms:
Half Bathrooms:
Square Footage:
21,120 Sqft
Year Built:
1996
Lot Area:
0.92 Acre
Features
Security
Smoke Detector(s),
Appliances
Appliances
Dishwasher, Microwave, Refrigerator, Dryer, Washer,
Address Map
Country:
US
State:
FL
County:
Hernando
City:
SPRING HILL
Subdivision:
SPRING HILL
Zipcode:
34608
Street:
CHALMER
Street Number:
10490
Floor Number:
Longitude:
W83° 27' 21.6''
Latitude:
N28° 29' 10.9''
Agent Info
Blue Sun Team
https://BlueSunRealty.com
1-813-365-3370
1-813-365-3370
angie@bluesunrealty.com
813-365-3370 - 909 E. Parker Street Lakeland, FL 33801 -