10490 Chalmer Street, SPRING HILL, FL

$4,150,000

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21,120

Square feet

0.92

Acres

About 10490 Chalmer Street

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 of 10490 Chalmer Street

MLS® # T3500986
Price $4,150,000
Bathrooms 0.00
Square Footage 21,120
Acres 0.92
Year Built 1996
Type Commercial Sale
Sub-Type Multi-Family
Status Active

Community Information

Address 10490 Chalmer Street
Area Spring Hill/Brooksville
Subdivision SPRING HILL
City SPRING HILL
County Hernando
State FL
Zip Code 34608

Amenities

Is Waterfront No
Private Pool No
Has Pool No

Interior

Appliances Dishwasher, Dryer, Microwave, Refrigerator, Washer
Heating Central
Cooling Central Air
Fireplace No
# of Stories 2

Exterior

Foundation Block

Additional Information

Date Listed February 1st, 2024
Days on Market 84
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeALIGN RIGHT REALTY SUNCOAST

Listing Map

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