407-557-3888
410 W Van Buren St, Tallahassee, FL for Sale
Apartments - FOR SALE
1/5
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410 W Van Buren St
Tallahassee, FL 32301
All Saints


HIGHLIGHTS

  • Built in 2002, The Property Consists Entirely of 800 SF 2Bd/2Ba Units
  • 66% Of Unit Interiors Have Been Renovated and Roofs Replaced in 2024
  • Irreplaceable Location Within Tallahassee's Most Transformative Urban Infill Corridor
  • ?Direct Beneficiary of Collegetown's Outward Expansion and Rising Rent Ceiling
  • 55,000+ Students Within Direct Proximity of The Property Supported by Florida State University and Florida A&M University

OVERVIEW

Access Offering Memorandum & Financials: https://elevateoncascades.sharplaunch.com/ SP Multifamily Group is pleased to present Elevate on Cascades, a 100-bed student housing asset in Tallahassee, FL, offering a compelling value-add opportunity within one of the market’s fastest-growing urban infill corridors. Pedestrian to Florida State University and Florida A&M University, the property benefits from durable demand driven by a 55,000+ student population. Featuring bed/bath parity and covered parking, Elevate has demonstrated rent premium potential through renovations, with approximately one-third of units remaining in classic condition. In-place rents remain below nearby comparables, providing clear mark-to-market upside, while additional revenue can be captured through continued renovations and furnishing standardization. Positioned along the transforming FAMU Way corridor, Elevate offers investors a rare opportunity to acquire a scalable, path-of-growth asset with multiple layers of NOI upside.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

50

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elevate On Cascade

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

PARKING SPACES

109

LAND DETAILS

LAND ACRES

2.53 AC

LAND SF

110,207 SF

ZONING

CC (Central Core)

APN/PARCEL ID

41-01-20-204-000.0

ASK ABOUT THIS PROPERTY

Matthew ProzzilloMarcus & MillichapMore Info
407-557-3888

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Matthew ProzzilloMarcus & MillichapMore Info
407-557-3888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.