REDEVELOPMENT OPPORTUNITY

Multi-Family for Sale
Catylist Listing ID: 30317470
Property Subtypes: Student Housing
Number of Units: 24 Units
Building Size (RSF): 13,176 SF
Gross Land Area: 19,176 SF
Sale Price: $2,100,000
Unit Price: $87,500 Per Unit
Property Use Type: Investment
Building Name: La Charles Apartments
Usable Size (USF): 13,176 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 8/20/2018

Overview / Comments

GREAT REDEVELOPMENT OPPORTUNITY!
Property consists of 2 parcels – one fronts on College Avenue and one on Park Avenue

Apartment complex, built 1959, is located one block from FSU campus.
Brick building, 3 stories and currently has 24 units 1 bedrooms/ 1 bath units

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: leon county
Tax ID/APN: #2136800147175 #2136800137160
Zoning: CENTRAL CORE
Percent Occupied: 100%
Property Located Between: N Macomb St & S Martin Luther King Jr Blvd
Site Description: Fronts both W College Ave & W Park Ave Convenient/Close to FSU campus On-Site Parking Redevelopment Opportunity Restaurants, Shopping, University nearby
Area Description: Located on E Park Avenue Between N Macomb St & S Martin Luther King Jr Blvd Ingress/Egress at W College Ave & W Park Ave Convenient/Close to FSU campus On-Site Parking Redevelopment Opportunity Restaurants, Shopping, University nearby
Total Number of Buildings: 1
Property Condition: Fair
Number of Stories: 3
Year Built: 1959
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Parking Description: On-Site Surface
Total Parking Spaces: 20
Sprinklers: None
Heat Type: Natural Gas
Zoning Description: Central Core

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,325 113,080 172,170
Median Age: 25.1 28.09 30.26
Households: 5,967 46,981 71,573

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