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1554 Lake Ave
Tallahassee, FL 32310
Ashton Grove · Multifamily Property For Sale
·
48 Units
Investment Highlights
- 48-Unit Multifamily Asset Built in 1974 & Renovated in 2022, Located Within the Heart of Tallahassee
- Current Ownership has Completed Major Deferred Maintenance Projects During Their Ownership and Invested More Than $700,000 In Capital Expenses
- 1-Minute to Innovation Park of Tallahassee, 273,000 Sq, Ft. of Lab And Office Space Which is Home to More Than 30 Organizations
- Value-Add Upside Available Through a Strategic Renovation of Unit Interiors, and Increasing Renal Rates to $825/Unit/Month
- Located Only 1-Block From The Airport Gateway/FAMU Way/Greenway Redevelopment Projects ($233 Million in Capital Investments to the Immediate Area)
- Seller Financing Available, Contact Listing Agents for More Information
Property Facts
| No. Units | 48 | Lot Size | 0.84 AC |
| Property Type | Multifamily | Building Size | 25,811 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1974/2022 |
| Building Class | C | ||
| Zoning | CU | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.84 AC |
| Building Size | 25,811 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1974/2022 |
| Zoning | CU |
Amenities
Unit Amenities
- Air Conditioning
- Refrigerator
- Oven
- Range
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Recycling
- Trash Pickup - Curbside
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 48 | $725.00 | 449 |
Property Taxes
| Parcel Number | 41-02-30-00O-008.4 | Improvements Assessment | $1,142,988 |
| Land Assessment | $348,000 | Total Assessment | $1,490,988 |
Property Taxes
Parcel Number
41-02-30-00O-008.4
Land Assessment
$348,000
Improvements Assessment
$1,142,988
Total Assessment
$1,490,988
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