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 Type(s):
Multi Family
|
Last Updated
|
4/3/2024
|
Tract
|
SPRING HILL
|
|
Year Built
|
1996
|
Community
|
34608 - Spring Hill/Brooksville
|
|
County
|
Hernando
|
Price History
|
Prior to Feb 26, '24
|
$4,500,000 |
|
Feb 26, '24 - Apr 3, '24 |
$4,300,000 |
| Apr 3, '24 - Today |
$4,150,000 |
Additional Details
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| AREA |
34608 - Spring Hill/Brooksville |
| BUYER'S BROKERAGE COMPENSATION |
2.5%-$450 |
| CONSTRUCTION |
Block |
| EXTERIOR |
Lighting, Other, Outdoor Grill |
| HEAT |
Central |
| INTERIOR |
Open Floorplan |
| LOT |
0.92 acre(s) |
| LOT DESCRIPTION |
Corner Lot, Near Public Transit, Paved |
| LOT DIMENSIONS |
200x200 |
| POOL |
Yes |
| POOL DESCRIPTION |
In Ground, Private |
| SEWER |
Public Sewer |
| SUBDIVISION |
SPRING HILL |
| TAXES |
27586.24 |
| UTILITIES |
Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City |
| WATER |
Public |
| ZONING |
MULTI FAMI |
Listing provided by Khairi Salah, ALIGN RIGHT REALTY SUNCOAST
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 5/19/24 5:12 AM PDT.
This IDX solution is (c) Diverse Solutions 2024.
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