4407 Millwood Rd, Spring Hill, FL 34608-3639
This exceptional Spring Hill investment opportunity presents a 6,203 square foot, one-story apartment building situated on a 0.54-acre lot. Built in 1997, this Class D property boasts a current gross monthly income of $48,548, reflecting a 90% occupancy rate. The asking price is $2,200,000, translating to $354.67 per square foot. The property is identified by APN R32-323-17-5170-1148-0050 and is located at 4407 Millwood Rd, Spring Hill, FL 34608. This turnkey operation includes ancillary services such as physicians, laboratories, home healthcare services, and pharmacy access, providing a strong foundation for continued success and significant upside potential. The property's established infrastructure and high occupancy rate make it an attractive investment for those seeking a stable and profitable venture in the thriving Spring Hill market. The building's single-story design and manageable size offer efficient operations and ease of management. This is a rare opportunity to acquire a well-established and profitable business with significant growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.