457 White Dr | Tallahassee, FL 32304
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457 White Dr
Tallahassee, FL 32304
Legacy Parc · Multifamily Property For Sale
·
30 Units
Investment Highlights
- 30-Unit Multifamily Asset Consisting Of One, Two, And Three-Bedroom Units With Proximity To All Major Job Hubs, Retail, And Entertainment
- Ability To Increase The Average Effective In-Place Rents By Nearly 25% Through Increasing Current Leases To Market Rates After Further Renovation
- Investors Have The Unique Opportunity To Replace The In-Unit Dishwashers With All-In-One Washer/Dryers
- Major Renovations Completed by Current Ownership Include New Roofs in 2018, All Plumbing Replaced to PVC & Copper, Wiring Changed to Copper
- Located Within 2-Minutes Of National Retailers And Restaurants Of West Tennessee Street (Publix, Target, Walgreens, Starbucks, Chick-Fil-A, Etc.)
- The Property Is Currently 100% Occupied, Providing A New Investor With Premium Stabilized Cash Flow At The Beginning Of The Ownership
Property Facts
| No. Units | 30 | Building Size | 24,216 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1968 |
| Building Class | C | Parking Ratio | 1.13/1,000 SF |
| Lot Size | 1.18 AC | ||
| Zoning | MR-1 | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.18 AC |
| Building Size | 24,216 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.13/1,000 SF |
| Zoning | MR-1 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 640 |
| 2+1 | 10 | - | 872 |
| 3+2 | 4 | - | 1,314 |
Property Taxes
| Parcel Number | 21-27-04- C-003-0 | Improvements Assessment | $1,520,880 |
| Land Assessment | $255,000 | Total Assessment | $1,775,880 |
Property Taxes
Parcel Number
21-27-04- C-003-0
Land Assessment
$255,000
Improvements Assessment
$1,520,880
Total Assessment
$1,775,880
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