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Dior Apartments 132 Dixie Dr 34 Unit Apartment Building For Sale 7.25% Cap Rate Tallahassee, FL 32304
Investment Highlights
- Thirty-Four (34) Unit Townhome Community Located in Tallahassee, The State Capital of Florida
- Eleven (11) Units Have Been Fully Renovated Since 2023, Leaving an Investor the Opportunity to Continue Renovations on the Remaining Twenty-Three (23)
- All Units Have Full Size In-Unit Wash/Dryer Appliances and Connections
- Built in 1999, the Property Features (34) 2x2.5 Townhome Units with 1,000 Rentable SqFt
- Unit Amenities Include Stainless Steel Appliances, Quartz Countertops, Sleek Wood-Grain Cabinets, Extended Breakfast Bars, Vinyl Plank Flooring
- In-Place Rents Average 14% Below The Average of The Rent Comparables, Leaving Room For Upside By Setting New Rents To Be In-Line With The Market
Executive Summary
Due Diligence Deal Room Link: https://diortownhomes.sharplaunch.com/
SP Multifamily Group of Marcus & Millichap is pleased to offer Dior Townhomes to qualified investors. Built in 1999, the Property Features (34) 2x1.5 Townhome Units with 1,000 Rentable SqFt.
SP Multifamily Group of Marcus & Millichap is pleased to offer Dior Townhomes to qualified investors. Built in 1999, the Property Features (34) 2x1.5 Townhome Units with 1,000 Rentable SqFt.
Property Facts
| Sale Type | Investment | Building Class | B |
| Cap Rate | 7.25% | Lot Size | 2.12 AC |
| No. Units | 34 | Building Size | 34,000 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1999/2023 |
| Apartment Style | Garden | ||
| Zoning | UT | ||
| Sale Type | Investment |
| Cap Rate | 7.25% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.12 AC |
| Building Size | 34,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1999/2023 |
| Zoning | UT |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Pantry
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 34 | - | 1,000 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 21-27-50-00C-012.0 | Improvements Assessment | $2,454,798 |
| Land Assessment | $289,000 | Total Assessment | $2,743,798 |
Property Taxes
Parcel Number
21-27-50-00C-012.0
Land Assessment
$289,000
Improvements Assessment
$2,454,798
Total Assessment
$2,743,798
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Dior Apartments | 132 Dixie Dr
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