814 Arkansas St - Apartments FOR SALE


Tallahassee, FL 32304- Griffin Heights
$2,100,000 USD
407-557-3889
814 Arkansas St, Tallahassee, FL for Sale
$2,100,000 USD
Apartments - FOR SALE
1/7
null | 6.22% Cap Rate

814 Arkansas St
Tallahassee, FL 32304
Griffin Heights


OVERVIEW

- 24-Unit Multifamily Property Located in Tallahassee, FL. - Features a Unit Mix Consisting of Twelve One-Bedroom Units and Twelve Two-Bedroom Units. - Property is Individually Metered for Water, Sewer, and Electric. - Amenities Include Semi-Private Courtyards, On-Site Laundry, and On-Site Parking. - Opportunity to Increase Rents by 20%+, Upon Completion of a Light Renovation Strategy. - Proximity to Over 20 National Retailers And Restaurants, Such as Publix, Target, Walgreens, Starbucks, Chick-Fil-A, and More. - Situated Under 5-Miles From Over Ten Major Developments Expected To Grow Tallahassee By Over 1,000,000 SF Of Retail, Medical Office, And Housing. - Tallahassee Named the 5th Fastest Growing Place in America in 2024-2025 (U.S. News & World Report).

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

24

PRICE/UNIT

$87,500

CAP RATE

6.22%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Nook

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,989 SF

ZONING

-

APN/PARCEL ID

21-26-85-00G-006.0

ASK ABOUT THIS PROPERTY

Benjamin SkinnerSP Multifamily Group of Marcus & MillichapMore Info
407-557-3889

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

Benjamin SkinnerSP Multifamily Group of Marcus & MillichapMore Info
407-557-3889

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