Renovated Three-Unit
For Sale
$560,000
10430 CHALMER, Spring Hill, FL 34608
Updated kitchens, major mechanical improvements, and two established tenants support flexible multifamily ownership.
Property Size2,304 SF
Days on Market50
Property Features for 10430 CHALMER
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Investment
Additional Details
Cap Rate
7%
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,201
Building Details
Building Size
2,304 SF
Year Built
1986
Listing Agency:
FIND YOUR PARADISE
Listed By:
Mimi McLeod
(352) 428-4296
Source:
Elliman
Added: Sep 15
Changed: Nov 2
Last Checked: Nov 3 at 7:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FIND YOUR PARADISE
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Investment Insights
Based on property information with market context.
Built in 1986, this triplex contains three renovated units with durable vinyl flooring, fresh interior paint, updated trim and lighting, ceiling fans, and new cabinetry. Each kitchen includes a refrigerator, stove, microwave, and dishwasher. Major improvements include a new roof installed in 2024, new water heaters, and three newly permitted HVAC units completed in 2024/2025.
Two units are occupied by long-term tenants, while the property offers the flexibility associated with a three-unit configuration. The property is located at 10430 Chalmer in Spring Hill, Florida. Walk Score is 8 and Bike Score is 28, indicating a car-dependent setting with some bike access. The stated 7% CAP rate provides an additional investment metric for evaluation.
Two units are occupied by long-term tenants, while the property offers the flexibility associated with a three-unit configuration. The property is located at 10430 Chalmer in Spring Hill, Florida. Walk Score is 8 and Bike Score is 28, indicating a car-dependent setting with some bike access. The stated 7% CAP rate provides an additional investment metric for evaluation.
Key Highlights
- Three‑unit triplex built in 1986
- Fully renovated interiors with new cabinetry, flooring, paint, lighting, and trim
- Three newly permitted HVAC units installed in 2024/2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,239
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,780
$524.8K
Cap Rate 7%
$374,843
$374.8K
Cap Rate 9%
$291,544
$291.5K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$40.1K $17.40/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$37.5K $16.27/SF
− OpEx
−$11.2K −$4.88/SF
NOI
$26.2K $11.39/SF
Area
Spring Hill, FL
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,780
Cap Rate 7%
$374,843
Cap Rate 9%
$291,544
Alternative Uses
Best Use
Multifamily LT 5
$374.8K
$328.0K – $437.3K
NOI $26,239 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$347.9K
$304.4K – $405.9K
NOI $24,352 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$736.6K
$644.6K – $859.4K
NOI $51,565 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
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Business Placement
Demographics for 34608, FL
34,363
Population
15,253
Households
2.3
Avg Household Size
46
Median Age
20%
College-Educated
90%
High-School Grad
15.2 sq mi
ZIP Area
2,261
Density / Sq Mi
$62,197
Median Household Income
$36,740
Median Earnings
$1,207
Median Rent
$237,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Updated kitchens, major mechanical improvements, and two established tenants support flexible multifamily ownership.
Where is this triplex located?
The property is located at 10430 CHALMER Spring Hill, FL.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Three‑unit triplex built in 1986; Fully renovated interiors with new cabinetry, flooring, paint, lighting, and trim; Three newly permitted HVAC units installed in 2024/2025
