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10490 Chalmer St
Spring Hill, FL 34608
Palms at Marine · Multifamily Property For Sale · 20 Units

Investment Highlights

  • Direct seller financing available now with the following terms ($3 million dollars down, 7% Interest Rate, 10 year loan).
  • Fully Renovation, New Roof, all new water heaters, New floorings, New bathroom cabinets/floorings/showers, All new renovated kitchens, new appliances
  • The price per SqFt is $197 which is cheaper than building a new construction. Also, a new construction will be wood framed this is all Concrete/Steal
  • 7%+ CAP rate projection for 2024! / 100% occupancy rate with a waiting list!
  • Location, Location, Location, In the hurt of the very desirable Spring Hill, walking distance from everything!
  • Great rental history! All Utilities Paid by Tenants, except common areas which drastically Lower the Expenses & Boost the Cash Flow!

Property Facts

No. Units 20
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class B
Lot Size 0.90 AC
Building Size 25,564 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1996/2023
Parking Ratio 0.75/1,000 SF
Zoning Commercial - Multi Family

Amenities

Unit Amenities

  • Air Conditioning
  • Fireplace
  • Heating
  • Ceiling Fans
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Range
  • Yard
  • Vinyl Flooring

Site Amenities

  • Laundry Facilities
  • Picnic Area
  • Pool
  • Grill
  • Wheelchair Accessible
  • Smoke Free
  • Storage Space

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 20 - -

Property Taxes

Property Taxes

Parcel Number
R32-323-17-5160-0974-0060
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,171,242
  • Listing ID: 32083599

  • Date on Market: 6/10/2024

  • Last Updated:

  • Address: 10490 Chalmer St, Spring Hill, FL 34608

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