1240 Sylvia Ave Spring Hill, FL 34606
- Residential income homes
- 2,574 SF
- 0.29 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 1240 Sylvia Ave
- Year built
- 2003
- Lot size
- 0.29 lot acres
- Property size
- 2,574 SF
- Property type
- Residential income homes
- APN
- R32 323 17 5030 0148 0050
Description
This exceptional investment opportunity presents a fully occupied three-unit triplex located in Spring Hill, Florida, at 1240 Sylvia Ave. The property boasts a total of 2,574 square feet situated on a 0.287-acre lot. Built in 2003 and extensively renovated in 2023, this single-story building offers three identical units, each featuring two bedrooms, one bathroom, a kitchen, and in-unit laundry with stackable washer/dryer sets. Recent upgrades include fresh paint, new flooring, and updated toilets and showers. The property enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $44,280, translating to a compelling 7.70% capitalization rate. The asking price is $529,999, representing a price per unit of $183,333.33 and a price per square foot of $213.68. Conveniently located near shopping, pharmacies, and public transportation, this property offers a strong return on investment with minimal vacancy risk. The property's zoning is PDP(MF), and the APN is R32 323 17 5030 0148 0050. Ample parking is available for each unit. This turnkey investment is ready for immediate income generation.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spring Hill
- County
- Hernando
- State
- Florida
- Longitude
- -82.5989805
- Latitude
- 28.4520832
