Property profile

4407 Millwood Rd Spring Hill, FL 34608

OFF-MARKET
Apartment buildings
Property ID
US18-8061833
6,203 SF 0.5 ac lot Built 1997
Entity Owned 13-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1997
Total area 6,203 SF
Lot 0.5 ac (21,780 SF)
APN R32-323-17-5170-1148-0050
UPID US18-8061833

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4407 Millwood Rd Spring Hill, FL 34608-3639
Spring Hill metro Census 41105 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$140k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$145k

Owner & transaction history

since 2012
5 recorded transactions
2012
Price N/A
2010
$500,000
2007
$50,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4407 Millwood Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message