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Mission Overlook 2288 Del Carmel Way 4 Unit Apartment Building $883,350 ($220,838/Unit) 7.30% Cap Rate Tallahassee, FL 32303
Investment Highlights
- Prime location
- 100% Occupancy
- New constructed in 2023
- 4.8 miles from Florida State University and 5 miles from Florida State Capital
- Suitable for family and students
- ROE of 11%
Executive Summary
Discover a Prime Investment Opportunity in the Heart of Tallahassee!
Own all Four income-producing townhomes in Sunrise at Mission Overlook, a beautifully designed, newly built community featuring premium amenities including a community pool, clubhouse and a gym.
This is an exceptionally rare chance to own an entire building in a highly desirable location.
One out of the 4 units is rented under AirBnB Program which generates extensive income, approx $1,700 Net per unit per month. Something to consider to increase income.
Own all Four income-producing townhomes in Sunrise at Mission Overlook, a beautifully designed, newly built community featuring premium amenities including a community pool, clubhouse and a gym.
This is an exceptionally rare chance to own an entire building in a highly desirable location.
One out of the 4 units is rented under AirBnB Program which generates extensive income, approx $1,700 Net per unit per month. Something to consider to increase income.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $883,350 | Apartment Style | Townhome |
| Price Per Unit | $220,838 | Building Class | A |
| Sale Type | Investment | Lot Size | 4.81 AC |
| Cap Rate | 7.30% | Building Size | 5,120 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | ||
| Zoning | MR-1 - 0900 - Residential Common Elements/Areas | ||
| Price | $883,350 |
| Price Per Unit | $220,838 |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | A |
| Lot Size | 4.81 AC |
| Building Size | 5,120 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2023 |
| Zoning | MR-1 - 0900 - Residential Common Elements/Areas |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Oven
- Range
Site Amenities
- Clubhouse
- Grill
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 4 | $1,700 | 1,280 |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $728,000 | |
| Land Assessment | $0 | Total Assessment | $728,000 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$728,000
Total Assessment
$728,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Mission Overlook | 2288 Del Carmel Way
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