Milestone Apartments

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30275701
Property Subtypes: Student Housing
Status: Pending
Number of Units: 12 Units
Building Size (RSF): 4,800 SF
Gross Building Area: See Agent
Sale Price: $659,000
Unit Price: $54,916.67 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Milestone Apartments
Sale Terms: Cash to Seller
Cap Rate: 7.2%
Last Updated: 9/13/2019

Overview / Comments

Please contact the agent for more information about this listing.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 21-35-75-002-0150 + 0160
Zoning: CENTRAL URBAN 26
Site Description: 2 well-constructed apartment buildings containing 12 bedrooms. 100% occupancy with leases in place for 2018/2019 school year. Units are rented at $600 per month. Large bedrooms come fully furnished. Owner has managed the apartments with only one vacancy in the last 4 years. Great investment for your portfolio!
Area Description: Ideally located only a short walk from FSU's campus. Property is across from the FSU Alumni Building on Woodward Avenue.
Year Built: 2008

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,920 107,229 174,151
Median Age: 24.27 27.41 30.28
Households: 9,391 43,337 72,230

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