9 Unit Multi-Family Portfolio Multi-Family FOR SALE


Tallahassee, FL
$1,199,000 USD
850-556-2491
, Tallahassee, FL for Sale
$1,199,000 USD
Multi-Family - FOR SALE
1/47
null | 7.22% Cap Rate

9 Unit Multi-Family Portfolio
Tallahassee, FL


HIGHLIGHTS

  • Quality, well maintained units
  • Updated units
  • Minimal deferred maintenance

OVERVIEW

9 unit multi-family portfolio consisting of 3 adjacent duplexes and 1 triplex. 8,478 total sq. ft under HVAC. 18 bedrooms and 12 baths. Gross annual income using current rents = $109,000. Rents are below market, so there is room to increase and improve financials. 4 parcels. Extremely well maintained and updated units. No HOA fees. 3 duplexes located near Tallahassee International Airport (3 separate parcels). All units are waterfront on a cypress pond on 3.3 total acres. Area has a country feel located on an unpaved private road. 6 identical units that were totally remodeled in 2018 – everything replaced inside. Vinyl plank and tile floors. Each unit is 2 bedroom and 1 bathroom with a huge loft and vaulted ceilings and feels much larger than its 885 sq ft per unit. Metal roofs and all windows and doors replaced in 2018. 1 triplex with an excellent location near the I-10/North Monroe intersection. Large townhouse style units that have 2 bedrooms and 1.5 bathrooms each (1,056 sq ft per unit). Off-street concrete parking pads for 2 cars for each unit. Wood burning brick fireplaces. All windows replaced. New architectural shingle roof in 2022. Management companies are in place and units are 100% occupied. If you're looking for a quality, well maintained multi-family portfolio that is ready to go, then this is the investment for you! Sold As-Is. Showings available during Due Diligence period only (when under contract). May consider seller financing (1st position only).

ASK ABOUT THIS PROPERTY

Brad WagemanBrad WagemanMore Info
850-556-2491

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Brad WagemanBrad WagemanMore Info
850-556-2491

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