$ 4,150,000
Property Attributes
  • MLS#T3500988
  • TypeIncome
  • CountyHERNANDO
  • AreaSpring Hill-Brooksville
  • NeighborhoodSpring Hill
  • Zip34608
  • StyleMulti Family
  • Year Built1996
  • Taxes$ 27586
  • Price$ 4,150,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage21120
  • Lot Size0.92 Acres
Data Source:
Stellar MLS
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!"

Price History
2/1/2024 Listed $4,500,000
2/27/2024 5% - $4,300,000
4/3/2024 4% - $4,150,000

General Features

Interior Features Ceiling Fan(s),Kitchen/Family Room Combo,Open Floorplan
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Connected,Electricity Connected,Public,Sewer Connected,Water Connected
Roof Shingle
Exterior Features Lighting,Other,Outdoor Grill
Pool Features In Ground
Construction Materials Block,Wood Frame
Year Built 1996
View City
Property SubType Multi Family
Tax Year 2023
Percent Ownership Fee Simple
County Hernando
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name SPRING HILL
Garage Y/N No
Status Active
Directions Take Shady Hills Rd,and turn left on Chalmer St. Property is on the corner of Mariner Blvd and Chalmer St.
Buyer Agent Compensation 2.5%-$450
Senior Community Y/N No
Total Units 20
MLS Area 34608 - Spring Hill/Brooksville
Lot Size Square Feet 39871
Private Pool Yes
Waterfront Y/N No
Carport Y/N No
Street Name Chalmer
Listing Terms Cash,Other
Tax Annual Amount 27586.24
Public Remarks 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 ple
Ok to Lease 12 Months
Lease Considered Y/N Yes
Virtual Tour
Days on Market 71
Standard Status Active
Tax Lot 6
Legal Description SPRING HILL UNIT 16 BLK 974 LOT 6
Minimum Lease No Minimum
Water Access Y/N No
Water View Y/N No

Interior Features

Flooring Tile
Common Walls Corner Unit
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N Yes
Street Suffix STREET
Laundry Features Common Area,Laundry Room
LivingAreaSource Public Records
Living Area Units Square Feet

Exterior Features

Lot Features Corner Lot,Near Public Transit
Water Source Public
Lot Size Area 39871
Foundation Details Block
Number of Buildings 2
Lot Dimensions 200 x 200
Lot Size Acres 0.92
Road Surface Type Paved
Lot Size Units Square Feet
Road Frontage Type Street Paved


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 34608

AVG $4.15M
AVG $27,586
AVG 1058
Data Provided by Inside Real Estate®
Year Built
AVG 1996

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