For Sale
$2,200,000

4407 Millwood RdSpring Hill, FL 34608

Profitable 20-bed facility, 90% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • 6,203 SF, one-story apartment building on a 0.54-acre lot in Spring Hill, FL.
  • Built in 1997, Class D property with a $2,200,000 asking price ($354.67/SF).
  • Currently generating $48,548 gross monthly income (90% occupancy).
  • APN R32-323-17-5170-1148-0050, located at 4407 Millwood Rd, Spring Hill, FL 34608.
  • Turnkey operation with nearby ancillary services (physicians, labs, home healthcare, pharmacy).

Property Details for 4407 Millwood Rd

Property type
Retail properties, Apartment buildings
Square Feet
6,203 SF
Class
D
Year Built
1997
Buildings
1
Stories
1
Lot Size (sq. ft)
23,522 SF

Location Insight

City
Spring Hill
County
Hernando
State
Florida
Latitude
28.4935678
Longitude
-82.5501314
4407 Millwood Rd, Spring Hill, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4407 Millwood Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message