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    Modern 12-Unit Apartment Building Title is generated by Realmo AI

    2607 Landover Blvd, Spring Hill, FL 34608

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    Built in 2021, tenant-paid utilities, strong cash flow.

    Type:Multifamily
    Property size:
    9,676 SF
    Price / SF:
    $201/SF
    Added:
    Feb 5, 2026
    Days on Market:
    154
    Last Refresh:
    Jul 3 at 6:09 am

    Property Features for 2607 Landover Blvd

    General Information

    Standard status
    Active
    Size
    9,676 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    2021

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    Kyle Keelan

    Listing office The Multifamily Firm

    Listing date Feb 5, 2026

    Source Crexi

    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 The Multifamily Firm

    HighLights

    • New construction (2021) offering modern design
    • Turn‑key investment with strong in‑place cash flow
    • Tenant‑paid utilities minimize expenses
    • 100% two‑bedroom units, highly desirable floor plan
    • In‑unit washer/dryers and stainless steel appliances in every residence
    • Fully sprinklered building with dedicated deep well irrigation system

    Overview

    The Spring Village Apartments, constructed in 2021, is a 12-unit apartment building designed for operational efficiency. The property features a tenant-paid utility structure, minimizing expenses and supporting strong in-place cash flow. Constructed in accordance with Florida Building Code 6th Edition, the National Electrical Code, and Florida Fire Prevention Code, the asset features a 100% two-bedroom floor plan mix with stainless steel appliances and in-unit washer/dryers in every residence. The fully sprinklered building is further supported by a dedicated deep well irrigation system. The property size is 9676 square feet.

    Local Financial Insights For Apartment 5plus

    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 $197.4k $20.40
    − Vacancy −$11.4k −$1.18
    EGI $185.9k $19.22
    − OpEx −$83.7k −$8.65
    NOI $102.3k $10.57
    9,676 SF · lease $20.40/SF/yr · vacancy 5.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.46M
    $1.28M – $1.70M (±1% cap)
    NOI $102,268 @ 7.0% cap · market cap 5.26%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.09M
    $2.71M – $3.61M (±1% cap)
    NOI $216,554 @ 7.0% cap · market cap 11.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Electrical Service Bakery Grocery & Convenience Store Computer & Electronic Repair Furniture & Home Goods Carpet & Flooring Store Law Firm (Bike/Boat/Book/etc) Store Catering Service Tech Support 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
    -82.55058
    Latitude
    28.493746

    FAQs

    What type of property is this?
    Apartment building - Built in 2021, tenant-paid utilities, strong cash flow.
    Where is this apartment building located?
    The property is located at 2607 Landover Blvd Spring Hill, FL.
    What is the asking price?
    The asking price for this property is $1,945,000.
    What are key features of this property?
    This property features: New construction (2021) offering modern design; Turn‑key investment with strong in‑place cash flow; Tenant‑paid utilities minimize expenses
    More about this property
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