request_info_guest false

Centrically Located Multifamily Spring Hill, FL

$6,300,000

4150 Portillo Road, Spring Hill, FL 34608

Active
Last Updated: 02/02/2025

5.6

Cap Rate

7.6

Pro Forma Cap Rate

Details:
Cap Rate:    5.6%
Pro Forma Cap Rate :    7.6%
NOI:    $358,023
Building Size:    49,364 sqft
Lot Area:    2.8 acres
Occupancy:    100%
Class:    B
Year Built:    2001
Zoning:    Multi Family 10 +
Floors:    2
Parking Spots:    63
Construction Status:    CBS
Parking Ratio:    1.5
Roof:    Asphalt Shingle
HVAC:    40 Units
Restrooms:    80
CeilingHeight:    9.512
Highlights:
  • Well maintain, with great upside potential. Present rents are well below market.
  • 40, 2 bedrooms, 2 bathrooms, 1040 sq. ft., Two Stories, 6 Buildings (including laundry room).
  • Built in 2001, area Elevation 28 ft.. Lot Size: 2.81 Acres.
  • Operated with 99% occupancy in 2024. Water/Sewer individually metered, paid by tenants.
  • Walking distance to 2 shopping centers with Publix & Winn Dixie stores, close to schools, (including an International Baccalaureate program).
  • Close to entertainment, health care, bus lines, restaurants State Road 589, U.S.19, 40 minutes from Tampa.
Description:

Port Apartments has 40, 2 bedrooms, 2 bathrooms, 1040 sq. ft. units. Two stories, 6 Buildings (including laundry room). Built in 2001, with 63 Parking Spaces, with 6 ADA accessible spaces. Concrete Block construction. Concrete Firewalls between units , all Metal Stud walls, Concrete 2nd Floor.

Beautiful Courtyard style, highlighting the swimming pool, with Barbeque area & picnic tables. Central laundry facility, with Six Washers, Six Dryers, (2019, Front Load, Speed Queen) Commercial Machines. Beautiful Flower Garden.

Spacious apartments, open style, with volume & cathedral ceilings,. Many upgrades include porcelain tile, luxury vinyl plank flooring, and appliances.

Great upside potential. Present rents are well below market. Family owned and operated for the last 20 years.

Walking distance to 2 shopping centers with Publix & Winn Dixie stores, schools, (including an International Baccalaureate & Magnet program). Across the street from Rotary Centennial Dog Park. Close to entertainment, health care, bus lines, restaurants, fitness center, houses of worship, State Road 589, U.S.19, 40 minutes from Tampa.

Map:
Documents:
Title
Spring_Hill__FL.docx
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery