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    1284 London Ave Spring Hill, FL 34606

    Sponsored
    For Sale
    $355,000

    MULTI_FAMILY - Spring Hill, FL

    Property size:
    2,020 SF
    Lot size:
    0.23 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 27 at 11:06 am

    Property Features for 1284 London Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    PDP (MF)
    Rooms
    Bathroom 1, Laundry Room, Bathroom 4, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 2
    Bedrooms
    4
    Bathrooms
    3
    APN
    R32 323 17 5030 0155 0080
    Parking features
    Open, Off Street, Garage
    Exterior features
    Courtyard
    Appliances
    Dryer, Electric Range, Refrigerator, Washer
    Size
    2,020 SF
    Lot size
    0.23 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1978
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile, Laminate, Carpet
    Building materials
    Block, Concrete, Stucco
    Roof type
    Shingle

    We can help!

    Listing Contact
    Ross A Hardy
    Ross A Hardy

    RE/MAX Marketing Specialists (352) 686-0540

    Listing agent Ross A Hardy (352) 686-0540 License #SL3163767

    Listing date Feb 26, 2026

    MLS# 2258148 Listing URL

    Copyright © 2026 Hernando County Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Spring Hill Duplex For Sale

    Located in Spring Hill on a 0.23-acre lot, this duplex features a total of 4 bedrooms, 2 full bathrooms, and 2 half baths. It includes two separate 1-car garages, presenting an opportunity for rental income, multigenerational living, or occupying one side while leasing the other. Each unit has a private entry gate leading to a secluded walkway and front door, creating a courtyard-style space suitable for gardening or a larger front patio, complemented by a small existing patio area and a low solid privacy wall. Inside each unit, the foyer and living room feature tile flooring. The kitchen, located to the left of the entry, is a separate room with laminate floors, appliances, a double sink, space for a breakfast nook, and direct access to the garage. Double sliding doors in the kitchen offer natural light and access to the front patio area. The living room also features double sliding glass doors overlooking the backyard and private rear patio. Each primary bedroom includes carpet, three windows, a built-in closet, and an ensuite half bath with tile floors and a single vanity. The secondary bedrooms offer carpet, three windows, and built-in closets, while the guest bathrooms are finished with tile floors, vanities and toilets, and subway tile in the tub/shower combinations. Laundry areas are located within each garage, which also include built-in shelving and ceiling fans. The rear yards provide a setting with mature trees and greenery separating the property from neighboring homes, and each unit has its own private rear patio. The property is located near Weeki Wachee Springs State Park and a short drive to Pine Island Beach Park, with access to shopping, dining, and amenities along Commercial Way. The property size is 2020 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spring Hill
    County
    Pasco
    State
    Florida
    Longitude
    -82.590332
    Latitude
    28.453322

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    FAQs

    What type of property is this?
    Duplex - Duplex on 0.23 acres with rental income potential.
    Where is this duplex located?
    The property is located at 1284 London Ave Spring Hill, FL.
    What is the asking price?
    The asking price for this property is $355,000.
    What are key features of this property?
    This property features: - Duplex offers rental income potential or multigenerational living.; - Each unit has a private entry, **courtyard-style space, and private rear patio**.; - Located near Weeki Wachee Springs State Park and Pine Island Beach Park.
    (352) 686-0540
    Request Owner's contact information
    1284 London Ave Spring Hill, FL 34606
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    Spring Hill, FL 34606
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1284 London Ave Spring Hill, FL 34606
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    We can help!
    Listing Contact
    Ross A Hardy
    Ross A Hardy
    Real Estate License ID: SL3163767
    (352) 686-0540 (352) 428-3017 (352) 661-1650
    Learn more
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