La Mediterranean

Multi-Family for Sale
Catylist Listing ID: 30468863
Property Subtypes: Low-Rise/Garden
Number of Units: 18 Units
Building Size (RSF): 14,278 SF
Gross Building Area: See Agent
Gross Land Area: 0.39 Acres
Sale Price: $1,775,000
Unit Price: $98,611.11 Per Unit
Property Use Type: Investment
Building Name: La Mediterranean
Sale Terms: Cash to Seller
Cap Rate: 6.48%
Last Updated: 8/20/2019

Overview / Comments

This is a stabilized asset with potential to raise rents in some units. The apartments are also divided into condominiums with the potential to sale individually. La Mediterranean is located in the heart of Tallahassee just minutes from Downtown and blocks away from major retail including a New Leaf Grocery, Starbucks, Best Buy, World Market, Chipotle, Mission BBQ and many more. Both the location and unit mix makes these apartments perfect for young professionals or graduate level FSU students.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 1131240000050
Zoning: OR-1
Number of Stories: 2
Year Built: 1967

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,618 103,611 177,960
Median Age: 33.14 29.34 30.79
Households: 4,277 42,801 74,096
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