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1405 Southwood Plantation Rd
Tallahassee, FL 32311
Apalachee Point · Multifamily Property For Sale
·
200 Units
Investment Highlights
- Exceptional connectivity. Access to over 62k jobs withing a 30-minute commute.
- New ownership has ability to increase ancillary income by nearly $200,000.
- Tallahassee is projected to achieve a population growth rate exceeding 4.3% over the next 5 years.
- With only 33 units partially renovated, there is an opportunity to increase effective rents by over $250.
- Limited new supply & outsized rent growth.
- Convenient access to major employers, Downtown Tallahassee, and several regional hospitals.
Property Facts
| No. Units | 200 | Lot Size | 14.52 AC |
| Property Type | Multifamily | Building Size | 180,578 SF |
| Property Subtype | Apartment | Average Occupancy | 97% |
| Apartment Style | Garden | No. Stories | 3 |
| Building Class | A | Year Built | 2017 |
| Zoning | MR-1 - Residential | ||
| No. Units | 200 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | A |
| Lot Size | 14.52 AC |
| Building Size | 180,578 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 2017 |
| Zoning | MR-1 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Patio
- Window Coverings
Site Amenities
- 24 Hour Access
- Business Center
- Clubhouse
- Fitness Center
- Pool
- Property Manager on Site
- Storage Space
- Bicycle Storage
- Maintenance on site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 123 | - | 736 |
| 2+2 | 69 | - | 1,029 - 1,342 |
| 3+2 | 8 | - | 1,532 |
Property Taxes
| Parcel Number | 31-02-20-601-000.0 | Improvements Assessment | $22,625,934 |
| Land Assessment | $2,860,000 | Total Assessment | $25,485,934 |
Property Taxes
Parcel Number
31-02-20-601-000.0
Land Assessment
$2,860,000
Improvements Assessment
$22,625,934
Total Assessment
$25,485,934
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