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9 Unit Multi-Family Portfolio 1 Multifamily Properties Offered at $1,199,000 in Tallahassee, FL
Investment Highlights
- Quality, well maintained units
- Minimal deferred maintenance
- Updated units
Executive Summary
9 unit multi-family portfolio consisting of 3 adjacent duplexes and 1 triplex. 8,478 total sq. ft under HVAC. 18 bedrooms and 12 baths. Gross annual income using current rents = $109,000. 4 parcels. Extremely well maintained and updated units.
3 duplexes located near Tallahassee International Airport (3 separate parcels). All units are waterfront on a cypress pond on 3.3 total acres. Area has a country feel located on an unpaved private road. 6 identical units that were totally remodeled in 2018 – everything replaced inside. Vinyl plank and tile floors. Each unit is 2 bedroom and 1 bathroom with a huge loft and vaulted ceilings and feels much larger than its 885 sq ft per unit. Metal roofs and all windows and doors replaced in 2018.
1 triplex with an excellent location near the I-10/North Monroe intersection. Large townhouse style units that have 2 bedrooms and 1.5 bathrooms each (1,056 sq ft per unit). Off-street concrete parking pads for 2 cars for each unit. Wood burning brick fireplaces. All windows replaced. New architectural shingle roof in 2022.
Management companies are in place and units are 100% occupied. If you're looking for a quality, well maintained multi-family portfolio that is ready to go, then this is the investment for you! Sold As-Is. Showings available during Due Diligence period only (when under contract).
3 duplexes located near Tallahassee International Airport (3 separate parcels). All units are waterfront on a cypress pond on 3.3 total acres. Area has a country feel located on an unpaved private road. 6 identical units that were totally remodeled in 2018 – everything replaced inside. Vinyl plank and tile floors. Each unit is 2 bedroom and 1 bathroom with a huge loft and vaulted ceilings and feels much larger than its 885 sq ft per unit. Metal roofs and all windows and doors replaced in 2018.
1 triplex with an excellent location near the I-10/North Monroe intersection. Large townhouse style units that have 2 bedrooms and 1.5 bathrooms each (1,056 sq ft per unit). Off-street concrete parking pads for 2 cars for each unit. Wood burning brick fireplaces. All windows replaced. New architectural shingle roof in 2022.
Management companies are in place and units are 100% occupied. If you're looking for a quality, well maintained multi-family portfolio that is ready to go, then this is the investment for you! Sold As-Is. Showings available during Due Diligence period only (when under contract).
Data Room Click Here to Access
- Offering Memorandum
- Miscellaneous
Property Facts
| Price | $1,199,000 | Number of Properties | 3 |
| Price / SF | $619.96 / SF | Individually For Sale | 0 |
| Cap Rate | 7.22% | Total Building Size | 1,934 SF |
| Sale Type | Investment | Total Land Area | 1.48 AC |
| Status | Active |
| Price | $1,199,000 |
| Price / SF | $619.96 / SF |
| Cap Rate | 7.22% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 1,934 SF |
| Total Land Area | 1.48 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 4744 Cobblestone Ln, Tallahassee, FL 32305 | Multifamily | 1,934 SF | 1978 | - |
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Presented by
Brad Wageman
9 Unit Multi-Family Portfolio
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