For Sale
$529,999

1240 Sylvia Ave Spring Hill, FL 34606

High-yield, fully occupied triplex.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a fully occupied three-unit triplex located in Spring Hill, Florida, at 1240 Sylvia Ave. The property boasts a total of 2,574 square feet situated on a 0.287-acre lot. Built in 2003 and extensively renovated in 2023, this single-story building offers three identical units, each featuring two bedrooms, one bathroom, a kitchen, and in-unit laundry with stackable washer/dryer sets. Recent upgrades include fresh paint, new flooring, and updated toilets and showers. The property enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $44,280, translating to a compelling 7.70% capitalization rate. The asking price is $529,999, representing a price per unit of $183,333.33 and a price per square foot of $213.68. Conveniently located near shopping, pharmacies, and public transportation, this property offers a strong return on investment with minimal vacancy risk. The property's zoning is PDP(MF), and the APN is R32 323 17 5030 0148 0050. Ample parking is available for each unit. This turnkey investment is ready for immediate income generation.

Highlights

  • Fully occupied three-unit triplex in Spring Hill, FL.
  • 2,574 square feet on a 0.28-acre lot, built in 2003, extensively renovated in 2023.
  • Three identical units, each with two bedrooms, one bath, kitchen, and in-unit laundry.
  • 100% occupancy, generating a $44,280 NOI and a 7.70% cap rate.
  • Asking price: $529,999 ($183,333 per unit, $213.68 per square foot).

Property Details for 1240 Sylvia Ave

Property type
Residential income homes
Square Feet
2,574 SF
Year Built/Renovated
2003/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
12,502 SF
Units
3

Location Insight

City
Spring Hill
County
Hernando
State
Florida
Latitude
28.4520832
Longitude
-82.5989805

FAQs

What type of property is this?
Residential income home - High-yield, fully occupied triplex.
Where is the residential income home located?
The property is located at 1240 Sylvia Ave Spring Hill, FL.
What is the asking price?
The asking price for this property is $529,999.
What are key features of this property?
This property features: Fully occupied three-unit triplex in Spring Hill, FL.; 2,574 square feet on a 0.28-acre lot, built in 2003, extensively renovated in 2023.; Three identical units, each with two bedrooms, one bath, kitchen, and in-unit laundry.
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 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 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].
1240 Sylvia Ave
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