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Great opportunity to purchase a solid income producing 15-unit apartment complex with upside!! This 2.84 Acre property includes 12 detached buildings with the potential to build additional units. Current Cap rate 8.7% plus owners unit rented would deliver an above 9.2% cap. Main house is subdivided which includes (4)-1/1 units. Situated only 3 miles from FSU College of Medicine, the location is convenient for FSU faculty/staff as well as for professionals.PROPERTY FEATURES
Total Units : 15
Utilities : Cable,Electric
Property Use : Income
Type of Building : Other,Resident. Multi-Fam.
Available Info : Photos
Zoning : OR-3
Fire Protect : None,Smoke Detector
Heating System : Central,Other
Cooling System : Central Building,Wall-Win A/C
Roof : Comp Shingle
Flooring : Wood Floor
Miscellaneous 1 : Fenced,Landscaped,Laundry
PROPERTY DETAILS
Street Address: 3117 Parklawn Street
City: Tallahassee
State: Florida
Postal Code: 32304
County: Leon
MLS Number: 10995144
Year Built: 2019
Courtesy of Realty One Group Engage
City: Tallahassee
State: Florida
Postal Code: 32304
County: Leon
MLS Number: 10995144
Year Built: 2019
Courtesy of Realty One Group Engage
Courtesy of Coldwell Banker Coast Realty