4407 Millwood Rd Spring Hill, FL 34608-3639
- Apartment buildings
- 6,203 SF
- 0.50 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 4407 Millwood Rd
- Year built
- 1997
- Lot size
- 0.50 lot acres
- Property size
- 6,203 SF
- Property type
- Apartment buildings
- APN
- R32-323-17-5170-1148-0050
- APU
- R3232317517011480050
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spring Hill
- County
- Hernando
- State
- Florida
- Longitude
- -82.55
- Latitude
- 28.4936
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
