48 Units
21,556 SF
0.84 acres
1 buildings
2 stories
Built in 1974
Contact Agents
Property Documents
Share This Property
Radford Crouppen
Real Estate Investment Advisor
[email protected]
Real Estate Investment Advisor
[email protected]
(407) 557-3826 (office)
(561) 542-4029 (mobile)
Investment Highlights
- 48-Unit Multifamily Asset Built in 1974 Located Within the Heart of Tallahassee
- Value-Add Upside Available Through a Strategic Renovation of Unit Interiors, and Increasing Renal Rates to $825/Unit/Month
- Current Ownership has Completed Major Deferred Maintenance Projects During Their Ownership and Invested More Than $700,000 In Capital Expenses
- Seller Financing Available (Contact Listing Agents for More Information)
- Located Only 1-Block Away From The Airport Gateway/FAMU Way/Greenway Redevelopment Projects ($233 Million in Capital Investments to the Immediate Area
- 1-Minute to Innovation Park of Tallahassee, 273,000 Sq, Ft. of Lab And Office Space Recently Developed or Under Construction Which is Home to More Than 30 Organizations
- Tallahassee is Home to Florida’s Capitol and Three Colleges/Universities, Which Account for More than 65,000+ Students and 16,000+ Employees
- 1-Block Away From The Airport Gateway/FAMU Way/Greenway Redevelopment Projects ($233 Million in Capital Investments)
- 1-Minute to Innovation Park of Tallahassee
- 1-Minute FSU & FAMU’s Joint College of Engineering
- 3-Minutes to Railroad Square Art District
- 3-Minutes to Doak Campbell Stadium (Florida State Football)
- 3-Minutes to Florida State University (43,683 Enrollment)
- 4-Minutes to Florida A&M University (1,300+ Employees)
- 5-Minutes to the Highly Desirable College Town District
- 6-Minutes to Downtown Tallahassee
- 6-Minutes to the Florida State Capital
- 33.4% Projected 10-Year Job Growth (Sperlings)
- 2nd Best Medium Sized College Town in the U.S.(EPODUNK)
- Top 75 Real Estate Markets to Watch in 2022 (Buildium)
- Fastest Growing Economy Per Capita in Florida (U.S. Dept. of Commerce)
- 8th Largest City in Florida
- 18th Most Educated City in the U.S. (Forbes)
Key Metrics
Listing Agents:
Radford Crouppen
Radford Crouppen
(407) 557-3826