1320 Fuller Rd | Tallahassee, FL 32303
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1320 Fuller Rd
Tallahassee, FL 32303
MeGinnis Apartments · Multifamily Property For Sale
·
37 Units
Investment Highlights
- 37-Unit Multifamily Asset With Operational & Physical Value Add Upside.
- 18-Units Have Received Partial Renovations During Current Ownerships Hold Period And Are Primed For Further Renovation As Leases Turn.
- Low-Density, Minimal Traffic Residential Area, Offering Tenants Privacy and Relaxing Laid-Back Lifestyle.
- 19-Units Have Been Renovated With Stainless Steel Appliances, Vinyl Plank Flooring, Upgraded Lighting Package, Granite Look Countertops, And More.
- 18 Of The 21 Roofs Have Been Replaced Between 2014 & 2022
- All Units Have Washer/Dryer Connections And 35 Units Have Washer/Dryer Appliances, Allowing a Buyer to Generate Appliance Rental Income on New Leases
Property Facts
| No. Units | 37 | Lot Size | 1.92 AC |
| Property Type | Multifamily | Building Size | 35,214 SF |
| Property Subtype | Apartment | Average Occupancy | 95% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1972/2023 |
| Zoning | LP | ||
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.92 AC |
| Building Size | 35,214 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built/Renovated | 1972/2023 |
| Zoning | LP |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | $1,138 | 840 |
| 2+1.5 | 17 | $925.00 | 903 |
| 2+2 | 6 | $1,317 | 1,088 |
| 3+1 | 1 | $1,250 | 1,184 |
| 3+1.5 | 2 | $1,375 | 945 |
| 3+2 | 3 | $1,460 | 977 |
| 3+2 | 3 | $1,445 | 1,184 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,942,405 | |
| Land Assessment | $350,000 | Total Assessment | $2,292,405 |
Property Taxes
Parcel Numbers
Land Assessment
$350,000
Improvements Assessment
$1,942,405
Total Assessment
$2,292,405
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