2501 S Meridian St | Tallahassee, FL 32301
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- LoopNet Team
2501 S Meridian St
Tallahassee, FL 32301
Multifamily Property For Sale
·
32 Units
Investment Highlights
- Rare Opportunity to Assume Fannie Mae Debt Which Includes 3.73% Interest Rate With Over 8 Years Remaining on Loan Term
- All Units were Completely Gutted and Renovated in 2015 with New Electrical, Plumbing, Doors, Windows, and Complete Interior Finishes.
- Located within 5-Minutes of Major Big Box Restaurants and Retailers
- Artificially Low Rents of $692/unit Avg. Allows Over $100 of Rental Upside Per Unit on Average to Meet the Market
- Property Amenities include Off-Street Parking Lot, Laundry Center, Perimeter Fencing, and a Mailbox Kiosk.
- Tallahassee is Home to Florida’s Capitol and Three Colleges/Universities, Which Account for More than 65,000+ Students and 16,000+ Employees
Property Facts
| No. Units | 32 | Lot Size | 0.91 AC |
| Property Type | Multifamily | Building Size | 14,400 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1973/2015 |
| Zoning | CU-45 | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.91 AC |
| Building Size | 14,400 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1973/2015 |
| Zoning | CU-45 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 400 |
| 1+1 | 31 | - | - |
Property Taxes
| Parcel Number | 31-07-20-287-000.0 | Improvements Assessment | $923,774 |
| Land Assessment | $232,000 | Total Assessment | $1,155,774 |
Property Taxes
Parcel Number
31-07-20-287-000.0
Land Assessment
$232,000
Improvements Assessment
$923,774
Total Assessment
$1,155,774
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