Updated Four-Unit
New
For Sale
$999,999
7851 PINEHURST DRIVE, Spring Hill, FL 34606
Four occupied residences include private screened lanais and access to a fully fenced backyard.
Property Size5,280 SF
Price / SF$189.39
Days on Market4
Property Features for 7851 PINEHURST DRIVE
General Information
Standard status
Active
Size
5,280 SF
Total Parking Spaces
7
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
Average Monthly Rent
$1,350
Amenities
private screened lanai
fully fenced backyard
washer/dryer combo
Building Details
Year Built
1981
Year Renovated
2021
Buildings
1
Stories
2
Listing Agency:
KW REALTY ELITE PARTNERS
(352) 688-6500
Listed By:
Tracie Maler, PA · License #3246734
(352) 848-5401
Source:
Dennisrealty
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 10:53AM
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 KW REALTY ELITE PARTNERS
Investment Insights
Based on property information with market context.
This two-story quadplex contains four residences, with two units on each floor. Each apartment has two bedrooms, two bathrooms, approximately 1,320 square feet, and a washer/dryer combination. Updates completed in 2021 include kitchens with granite countertops and stainless steel appliances, refreshed bathrooms, tile flooring, lighting, doors, and moldings. Electrical, plumbing, and HVAC systems were also updated. A hardwired, monitored central smoke detection system serves the building, and the roof was replaced in 2000.
Each unit has a private screened lanai overlooking the fenced backyard. Seven parking spaces are located in front of the building. All four residences are occupied.
Each unit has a private screened lanai overlooking the fenced backyard. Seven parking spaces are located in front of the building. All four residences are occupied.
Key Highlights
- Four units, each with 2 bedrooms, 2 bathrooms and approximately 1,320 square feet
- All four units updated in 2021; all are occupied
- Two‑story layout with two residences on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,130
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,202,600
$1.2M
Cap Rate 7%
$859,000
$859.0K
Cap Rate 9%
$668,111
$668.1K
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$91.9K $17.40/SF
− Vacancy
−$6.0K −$1.13/SF
EGI
$85.9K $16.27/SF
− OpEx
−$25.8K −$4.88/SF
NOI
$60.1K $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%
$1,202,600
Cap Rate 7%
$859,000
Cap Rate 9%
$668,111
Alternative Uses
Best Use
Multifamily LT 5
$859.0K
$751.6K – $1.00M
NOI $60,130 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$797.2K
$697.6K – $930.1K
NOI $55,806 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,169 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 34606, FL
28,548
Population
14,009
Households
2
Avg Household Size
53
Median Age
20%
College-Educated
89%
High-School Grad
11.6 sq mi
ZIP Area
2,461
Density / Sq Mi
$54,730
Median Household Income
$33,778
Median Earnings
$1,192
Median Rent
$227,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied residences include private screened lanais and access to a fully fenced backyard.
Where is this quadplex located?
The property is located at 7851 PINEHURST DRIVE Spring Hill, FL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Four units, each with 2 bedrooms, 2 bathrooms and approximately 1,320 square feet; All four units updated in 2021; all are occupied; Two‑story layout with two residences on each floor
