This property is Off-Market

2711 Allen Road
Tallahassee, FL 32312 ·

160 Units · Multifamily For Sale

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Silverado Park

Price N/A Commission Split 3%
No. Units 160 Occupancy 40%
Building Size 134,900 SF No. Stories 2
Property Type Multifamily Year Built 1973
Property Sub-type Garden/Low-Rise Lot Size 6.31 AC
Property Use Type Investment APN / Parcel ID 211320797000
Distressed Yes Parking Ratio 1.60 / 1,000 SF
Listing ID: 16614632 Date Created: 03/18/2010 Last Updated: 08/09/2010

Description

BACK ON THE MARKET! APPROVED SHORTSALE, INCENTIVE CLOSE BY END OF JUNE AND PRICE REDUCED TO $1,900,000.00 PLEASE READ BEFORE CALLING FOR FURTHER INFORMATION. MUST SEND EMAIL REQUEST WITH CND.
Best deal in Florida!!! 160 Units for only $2,200,000.00 APPROVED SHORTSALE. Bank and Owner are ready to close. 6.31 Acres, 9 -2 story buildings in great area. pool, laundry room, plenty of parking. All terms have already been agreed too. Must be a quick closing. Property needs work, but has massive potential. PLEASE do not visit site without prior auth, any principals or Brokers on site with out auth, will waive commission rights.
APPROVED SHORTSALE!!

INCENTIVE, CLOSE BY THE END OF JUNE 2010 AND PRICE WILL BE REDUCED TO $1,900,000.

PLEASE SEE ATTACHMENTS: NO INFORMATION SHALL BE GIVEN UNTILL ALL PARTIES SIGN CND. BROKERS PLEASE READ ALL ATTACHEMENTS. PLS DO NOT SEND REQUEST FOR FURTHER INFORMATION WITHOUT SIGNING AND SENDING THE REQUIRED FORMS.

Please do not call office nor agent, without sending forms 1st.




The property was developed In 1973. Consists of 9 two-story buildings featuring 66
1BR/1BA, 48 - 2BR/2BA, 42- 2BR/1BA, 4 -3BR/2BA unit

Silverado Park is located in Tallahassee, the state capital of Florida and home to Florida State University, Florida A&M University, and Tallahassee Community College. Unemployment is relatively low at 3.2% with the universities, state and county governments, and hospitals driving the local economy. The Tallahassee MSA has experienced steady population growth to an estimated 300,000 residents as of 2009. Apartment demand is strong, an estimated 59% of residents rent. Located off North Monroe Street, behind Tallahassee Mall, the property is minutes from the Central Business District, FSU, FAMU, and Interstate 10.

Highlights

  • 160 Unit Apartment Complex
  • Located behind Tallahassee Mall
  • 3 Miles from University
  • Minutes from the Central Business District
  • Motived Seller's
  • Approved Bank Deal!!!

Research

2711 Allen Road, Tallahassee, FL 32312 (Leon County)

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