2609 Landover Blvd, Spring Hill, FL 34608-3634

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.