Income-Generating 4-Plex
10440 CHALMER STREET Spring Hill, FL 34608
New
10440 CHALMER STREET, Spring Hill, FL, 34608
$580,000
For Sale
$580,000
Four individually metered units with attached garages, including washer and dryer hookups, with a new roof installed in 2022.
Property Size3,346 SF
Price / SF$173.34
Days on Market6
Property Features for 10440 CHALMER STREET
General Information
- Standard status
- Active
- Size
- 3,346 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1986
Listing Agency
HENDRIK MARIE REAL ESTATE SERVICES
(727) 255-2884
Listed by
Tina Osthus · License #3277863
Source
Miharaandassociates
Added: Jul 16 Updated: Jul 20 at 3:55 am Checked: Jul 20 at 3:55 am
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 HENDRIK MARIE REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This income-producing 4-plex features four two-bedroom, one-bath units. Each unit includes a garage with washer and dryer hookups, and utilities are individually metered. Three units are currently occupied by long-term tenants, and one unit is newly vacant and ready for a new tenant.
The property has a new roof installed in 2022. It is positioned for convenient access to shopping, restaurants, medical facilities, and everyday conveniences, with easy routes to Florida’s Nature Coast.
From a practical standpoint, the layout supports straightforward management with individually metered billing and a consistent unit mix across all four residences.
The property has a new roof installed in 2022. It is positioned for convenient access to shopping, restaurants, medical facilities, and everyday conveniences, with easy routes to Florida’s Nature Coast.
From a practical standpoint, the layout supports straightforward management with individually metered billing and a consistent unit mix across all four residences.
Key Highlights
- Income‑producing 4‑plex built in 1986 with four 2BR/1BA units
- All four units have attached garages with washer and dryer hookups
- Units are individually metered so tenants pay their own utilities
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 | $58.2k | $17.40 |
| − Vacancy | −$3.8k | −$1.13 |
| EGI | $54.4k | $16.27 |
| − OpEx | −$16.3k | −$4.88 |
| NOI | $38.1k | $11.39 |
3,346 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$544.4K
$476.3K – $635.1K
NOI $38,105 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$505.2K
$442.1K – $589.4K
NOI $35,365 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$1.07M
$936.1K – $1.25M
NOI $74,885 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four individually metered units with attached garages, including washer and dryer hookups, with a new roof installed in 2022.
Where is this quadplex located?
The property is located at 10440 CHALMER STREET Spring Hill, FL.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Income‑producing 4‑plex built in 1986 with four 2BR/1BA units; All four units have attached garages with washer and dryer hookups; Units are individually metered so tenants pay their own utilities
