2609 Landover Blvd Spring Hill, FL 34608-3634
Property profile & analytics
2609 Landover Blvd Spring Hill, FL 34608-3634
- Apartment buildings
- 8,620 SF
- 0.50 lot acres
Property ID
US18-4297718
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 2609 Landover Blvd
- Year built
- 2021
- Lot size
- 0.50 lot acres
- Property size
- 8,620 SF
- Property type
- Apartment buildings
- APN
- R32-323-17-5170-1148-0070
- APU
- R3232317517011480070
Description
This exceptional 12-unit apartment building, constructed in 2021, presents a rare turnkey investment opportunity in Spring Hill, Florida. The property boasts 8,620 square feet of net rentable space across a 0.54-acre lot, featuring 18 parking spaces. All 12 units are two-bedroom apartments, each equipped with stainless steel appliances and in-unit washer/dryers. Tenants pay all utilities, significantly enhancing cash flow. Built to the latest Florida building codes (6th Edition), the property includes an automatic sprinkler system and a deep well for irrigation. The building enjoys a 100% occupancy rate as of March 21, 2024, and benefits from exceptionally low insurance premiums of $6,275 annually (February 2024 policy), inclusive of windstorm/hurricane coverage. Its prime location is less than a mile from a Publix supermarket and within minutes of major retailers like Walmart, Target, and Home Depot. Proximity to schools, including Explorer K-8 and Frank W. Springstead High School, and HCA Florida Oak Hill Hospital, further enhances its appeal. The asking price is $2,350,000, representing a price per unit of $195,833, with a current cap rate of 6.34% and a pro-forma cap rate of 6.75%. This Class A property offers a compelling value-add investment opportunity with significant potential for long-term growth and strong returns. The fee-simple ownership provides complete control and flexibility. The building consists of one, two-story structure with 9,676 total square feet.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,015,000
- ML approach
- $885,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,520,000
- 6.5%
- $1,400,000
- 7%
- $1,300,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Spring Hill
- County
- Hernando
- State
- Florida
- Longitude
- -82.5506
- Latitude
- 28.4937
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$14,541
$957,429
$0.00
$957,429
-
$90,210
$867,219
$957,429
