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2765 W Tharpe St
Tallahassee, FL 32303
Lodge2765 · Multifamily Property For Sale
·
59 Units
Investment Highlights
- Highly Visible 59-Unit Multifamily Asset (28,000 AADT at Intersection)
- Average Rental Upside of $188/Month (21.16%)
- Ability to Remove The On-site Office and Recoup an Additional $12,000 of Rental Income
- Concrete Block Construction Built in 1973
- Since Acquisition, Current Ownership has Renovated 46 Units, Replaced The Pool Pump and Pavers Around Pool Area, Resurfaced The Pool and More.
- Low-Density Currently Existing Allows for Addition of Various Exterior Amenities on Open Green Space
Property Facts
| No. Units | 59 | Building Size | 38,556 SF |
| Property Type | Multifamily | Average Occupancy | 83% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1973/2022 |
| Building Class | B | Parking Ratio | 1.89/1,000 SF |
| Lot Size | 3.28 AC | ||
| Zoning | Commercial | ||
| No. Units | 59 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 3.28 AC |
| Building Size | 38,556 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2022 |
| Parking Ratio | 1.89/1,000 SF |
| Zoning | Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
Site Amenities
- Fenced Lot
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 44 | $950.00 | 600 |
| 2+1 | 15 | $1,025 | 880 |
Property Taxes
| Parcel Number | 21-21-51-001-103.0 | Improvements Assessment | $2,727,385 |
| Land Assessment | $427,750 | Total Assessment | $3,155,135 |
Property Taxes
Parcel Number
21-21-51-001-103.0
Land Assessment
$427,750
Improvements Assessment
$2,727,385
Total Assessment
$3,155,135
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