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 Details
Property Features
Property Information:
Year Built: 1996
Living Area: 21,120 SqFt
Listing Office:
Office Name: ALIGN RIGHT REALTY SUNCOAST
Listing Agent: Khairi Salah
Interior Features
Interior Information:
Flooring Type: Tile
Interior: Ceiling Fans(s), Kitchen/Family Room Combo, Open Floorplan
This property is $3.8M more than the Median Sold Price and $10/SqFt more than other homes in Spring Hill, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #T3500988
Listing Office:
Office Name: ALIGN RIGHT REALTY SUNCOAST
Listing Agent: Khairi Salah
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.
Last updated on: 4/28/2024, 9:19:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$20.7K
Per Month
Principal & Interest
$20.7K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$12.5K
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Middle School
3
/10
Explorer K-8
10252 Northcliffe Blvd
Distance between this listing and this school0.87 miles
Public District Grades PK-8
High School
4
/10
Frank W. Springstead High School
3300 Mariner Blvd
Distance between this listing and this school0.37 miles
Public Magnet Grades 9-12
Nearby Schools
5
/10
Spring Hill Elementary School
6001 Mariner Blvd
Distance between this listing and this school2.45 miles
Public District Grades PK-5
4
/10
Deltona Elementary School
2055 Deltona Blvd
Distance between this listing and this school3.11 miles
Public District Grades PK-5
5
/10
Suncoast Elementary School
11135 Quality Dr
Distance between this listing and this school3.42 miles
Public District Grades PK-5
Assigned Schools
3
/10
Explorer K-8
10252 Northcliffe Blvd
Distance between this listing and this school0.87 miles
Public District Grades PK-8
Nearby Schools
10
/10
Gulf Coast Academy of Science and Technology
10444 Tillery Rd
Distance between this listing and this school0.24 miles
Public Charter Grades 6-8
9
/10
Gulf Coast Middle School
2139 Deborah Dr
Distance between this listing and this school1.69 miles
Public Charter Grades 6-8
Assigned Schools
4
/10
Frank W. Springstead High School
3300 Mariner Blvd
Distance between this listing and this school0.37 miles
Public Magnet Grades 9-12
Nearby Schools
4
/10
Nature Coast Technical High School
4057 California St
Distance between this listing and this school5.38 miles
Public Magnet Grades 9-12
4
/10
Central High School
14075 Ken Austin Pkwy
Distance between this listing and this school6.04 miles
The neighbors living near this home have an average income of $39,107. Most Spring Hill, FL residents have annual incomes less than $35k. Most families are single, no kids. The majority of residents in this area have high school diploma education.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 10490 Chalmer St in Spring Hill, FL and zip code 34608. This 21,120 square foot home, which was built in 1996, sits on a 0.92 acre lot. It has been listed on Rocket Homes since February 01, 2024 and is currently priced at $4,150,000.
In March 2024 more than 63 listings in Spring Hill, FL were sold above the asking price. During the same period more than 130 listings were sold at asking price, while more than 238 were sold below. The number of listings in Spring Hill, FL increased by 3.4% between February 2024 and March 2024. The median list price of listings available in March 2024 was $316,820, while the average time on the real estate market was 46 days.
From Rocket Homes Real Estate and based on county public records data.