10490 Chalmer St - Apartments FOR SALE


Spring Hill, FL 34608
$4,110,000 USD
813-577-3837
10490 Chalmer St, Spring Hill, FL for Sale
$4,110,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

10490 Chalmer St
Spring Hill, FL 34608


HIGHLIGHTS

  • 20-Unit 1996 Vintage, Concrete Block Community with Pitched Roof
  • Spacious Floorplans Featuring 100% 2BR / 2BA Floorplans at 1,050 SF
  • Attractive Amenity Set that Includes: Pool, Lounge Area, Pergola Deck Area, On-Site Laundry Facilities
  • Immediate Proximity to Mariner Commons Shopping Center with Retail/ Restaurants Including Publix, Walgreens, and More
  • 15 Minutes from Well-Regarded Healthcare Facilities Such as Tampa General Hospital Brooksville, Tampa General Hospital Spring Hill, & HCA Florida

OVERVIEW

The Palms at Mariner is a well-maintained 20-unit, concrete block community built in 1996, offering a unique investment opportunity with spacious 2-bedroom, 2-bathroom floorplans, each providing 1,050 square feet of living space. Each unit has been fully renovated to include high-end finishes such as granite countertops, white flat/shaker cabinets, stainless steel appliances, vinyl plank and tile flooring, built-in electric fireplaces, and walk-in showers. The property also boasts an attractive amenity package, featuring a pool, lounge area, pergola deck, and on-site laundry facilities, creating an ideal living environment for tenants. Located in a prime area, The Palms at Mariner offers immediate access to the Mariner Commons Shopping Center, home to popular retail stores and restaurants like Publix and Walgreens. The property is just 7 minutes from Weeki Wachee Springs State Park, a historic attraction, and within 15 minutes of several reputable healthcare facilities, including Tampa General Hospital Brooksville and HCA Florida Oak Hill Hospital. With rents currently averaging $1,583 and a pro forma rent potential of $1,775, the property presents a solid opportunity for a 15%+ increase in net operating income through rent growth. Tenants are individually metered for water, sewer, and electricity, offering further efficiency in management.

FOR SALE DETAILS

PRICE

$4,110,000 USD

PRICE/SF

$161 USD /SF

# OF UNITS

20

PRICE/UNIT

$205,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palms at Mariner

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1996

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

Commercial

APN/PARCEL ID

R32-323-17-5160-0974-0060

ASK ABOUT THIS PROPERTY

Mark SavareseFranklin StreetMore Info
813-577-3837

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Mark SavareseFranklin StreetMore Info
813-577-3837

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.