457 White Dr - Apartments FOR SALE
Tallahassee, FL 32304 |
457 White Dr
Tallahassee, FL 32304
HIGHLIGHTS
- 30-Unit Multifamily Asset Consisting Of One, Two, And Three-Bedroom Units With Proximity To All Major Job Hubs, Retail, And Entertainment
- Major Renovations Completed by Current Ownership Include New Roofs in 2018, All Plumbing Replaced to PVC & Copper, Wiring Changed to Copper
- Ability To Increase The Average Effective In-Place Rents By Nearly 25% Through Increasing Current Leases To Market Rates After Further Renovation
- Located Within 2-Minutes Of National Retailers And Restaurants Of West Tennessee Street (Publix, Target, Walgreens, Starbucks, Chick-Fil-A, Etc.)
- Investors Have The Unique Opportunity To Replace The In-Unit Dishwashers With All-In-One Washer/Dryers
- The Property Is Currently 100% Occupied, Providing A New Investor With Premium Stabilized Cash Flow At The Beginning Of The Ownership
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Legacy Parc
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
24216
STORIES
2
YEAR BUILT
1968
PARKING SPACES
45
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
21-27-04- C-003-0
