Two-Home Agricultural Income
15620 HAYS Road Spring Hill, FL 34610
New
15620 HAYS Road, Spring Hill, FL, 34610
$624,900
For Sale
$624,900
MULTI_FAMILY - SPRING HILL, FL
Property Size3,048 SF
Lot Size3.00 Acres
Price / SF$205.02
Days on Market5
Property Features for 15620 HAYS Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- AR
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Family Room, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 3, Dining Room, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 4
- Security features
- Security Lighting
- Spa
- 1
- Window features
- Blinds, Skylight(s), Window Treatments
- Patio and Porch features
- Porch, Patio
- Interior features
- Ceiling Fans(s), Chair Rail, Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
- Exterior features
- French Doors, Garden, Lighting, Private Entrance, Private Mailbox, Private Yard, Storage
- Fireplace
- 1
- Appliances
- Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
- Standard status
- Active
- APN
- 23-24-17-0030-00000-0170
- Size
- 3,048 SF
- Lot size
- 3.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- JEAN VAN FARMS UNREC DESC AS S 1/2 OF W 1/2 OF NW 1/4 OF SW 1/4 OF NE 1/4 EXC S 31.50FT FOR RD AKA S 1/2 LOT 17 & S 1/2 OF E 1/2 OF NW 1/4 OF SW 1/4 OF NE 1/4 LESS S 31.50 FT FOR RD & LESS E 200 FT THEREOF AKA S 1/2 LOT 18 LESS E 200 FT THEREOF OR 95 00 PG 725
- Tax Annual Amount
- 2974
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Ductless (Heating), Central
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1991
- Floors in Building
- 1
- Flooring type
- Linoleum, Tile - Ceramic
- Building materials
- Block, Concrete, Stucco
- Roof type
- Shingle
- Additional Structures
- Storage, Gazebo
Listing agency
FUTURE HOME REALTY INC
(813) 855-4982
Listed by
Esther Reyes-Todd, PA
(813) 368-9013
Added: Jul 18 Updated: Jul 22 at 3:57AM Checked: Jul 22 at 6:06PM
MLS# TB8530578
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Set on a fully fenced 3-acre lot, this agricultural residential property includes two separate homes: a custom-built 2,088 SF concrete block home and a 960 SF manufactured home built in 2006 for approximately 3,048 SF total heated living area. The main home features 3 bedrooms, 2 bathrooms, an oversized 2-car garage, a wood-burning stone fireplace, a heated and cooled sunroom, and a screened patio with a hot tub that conveys. The layout also includes an indoor laundry room, pantry, breakfast bar, and wood-look tile flooring throughout.
The manufactured home offers 2 primary bedrooms with en-suite bathrooms, a full kitchen, spacious living and dining areas, indoor laundry, and a separate electric meter, with a NEW septic and drainfield reported for 2025. Outside, there’s a 24x28 double-wide carport with enclosed sides, a barn with a new metal roof (2024), and additional storage including a shed and a gazebo with solar lighting.
The property sits on a corner lot with frontage on both Hays Rd and Loma Ave and no HOA. Recent updates reported include NEW AC (2025) and a NEW electrical panel (2025) for the main home, along with wood-look tile flooring updates throughout. Nearby convenience includes Publix approximately 5 miles away and Suncoast Parkway approximately 6 miles away; buyer to verify any development or additional home possibilities with Pasco County requirements.
The manufactured home offers 2 primary bedrooms with en-suite bathrooms, a full kitchen, spacious living and dining areas, indoor laundry, and a separate electric meter, with a NEW septic and drainfield reported for 2025. Outside, there’s a 24x28 double-wide carport with enclosed sides, a barn with a new metal roof (2024), and additional storage including a shed and a gazebo with solar lighting.
The property sits on a corner lot with frontage on both Hays Rd and Loma Ave and no HOA. Recent updates reported include NEW AC (2025) and a NEW electrical panel (2025) for the main home, along with wood-look tile flooring updates throughout. Nearby convenience includes Publix approximately 5 miles away and Suncoast Parkway approximately 6 miles away; buyer to verify any development or additional home possibilities with Pasco County requirements.
Key Highlights
- Fully fenced 3‑acre property with two homes and no HOA—live in one and rent the other or rent both.
- 2,088 SF custom‑built concrete block home (built 1991): 3BD/2BA, oversized 2‑car garage, wood‑burning stone fireplace, heated/cooled sunroom.
- Screened patio with hot tub that conveys; primary suite includes three walk‑in closets plus two extra‑wide linen closets.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.0k | $17.40 |
| − Vacancy | −$3.4k | −$1.13 |
| EGI | $49.6k | $16.27 |
| − OpEx | −$14.9k | −$4.88 |
| NOI | $34.7k | $11.39 |
3,048 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$495.9K
$433.9K – $578.5K
NOI $34,712 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$460.2K
$402.7K – $536.9K
NOI $32,215 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$974.5K
$852.7K – $1.14M
NOI $68,216 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully fenced 3-acre property with zoned agricultural residential flexibility and two residences, offering multiple living or income options.
Where is this duplex located?
The property is located at 15620 HAYS Road Spring Hill, FL.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Fully fenced 3‑acre property with two homes and no HOA—live in one and rent the other or rent both.; 2,088 SF custom‑built concrete block home (built 1991): 3BD/2BA, oversized 2‑car garage, wood‑burning stone fireplace, heated/cooled sunroom.; Screened patio with hot tub that conveys; primary suite includes three walk‑in closets plus two extra‑wide linen closets.
