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Columbia Trace & Valencia Portfolio 2 Multifamily Properties Offered at $5,025,000 in Tallahassee, FL
INVESTMENT HIGHLIGHTS
- 100% occupancy at both communities
- Properties sold collectively, however individual property offers will be considered
- Communities are ten minutes from Interstate-10, providing easy access to nearby major cities of Pensacola and Jacksonville
- 2021/2022 roofs at Columbia; 2017/2019 roofs at Valencia
- Tallahassee is home to the Florida State Capitol with a 40,000-government employee workforce
EXECUTIVE SUMMARY
40-unit, adjacent two-property multifamily portfolio in Tallahassee, Florida. Highly walkable location – West Tennessee Street, Publix Supermarket and Aldi-anchored WestEnd Square are all just steps away, offering numerous dining, shopping and entertainment options. Situated between two large post-secondary institutions - Florida State University with a 44,000-student enrollment and FSU Seminole’s Doak Campell Stadium are just 2 miles to the east; Tallahassee State College with a 12,000-student enrollment is 1.4 miles to the west. Columbia Trace Apartments: 16 large three-bedroom/three-bathroom apartments. 2003 construction with granite countertops, undermount sinks, built-in appliances and in-unit washer/dryer appliances. Valencia Apartments: 24 one-bedroom/one-bathroom apartments. 20 units recently renovated with updated countertops, new cabinetry, stainless steel appliances, luxury vinyl plank flooring, new carpet and fresh paint. Amenities include a gazebo, picnic/grilling area and an on-site laundry facility.
TAXES & OPERATING EXPENSES (PRO FORMA - 2026) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $5,025,000 | Number of Properties | 2 |
| Price / SF | $139.00 / SF | Individually For Sale | 0 |
| Cap Rate | 7.27% | Total Building Size | 36,150 SF |
| Sale Type | Investment | Total Land Area | 1.93 AC |
| Status | Active |
| Price | $5,025,000 |
| Price / SF | $139.00 / SF |
| Cap Rate | 7.27% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 36,150 SF |
| Total Land Area | 1.93 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Columbia Trace
226 Columbia Dr, Tallahassee, FL 32304 |
Multifamily | 23,850 SF | 2003 | - |
|
Valencia Apartments
120 Valencia Dr, Tallahassee, FL 32304 |
Multifamily | 12,300 SF | 1977 | - |
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Columbia Trace & Valencia Portfolio
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