Multi-Family for Sale
Catylist Listing ID: 30852411
Property Subtypes: Low-Rise/Garden, Other
Number of Units: 12 Units
Building Size (RSF): 7,680 SF
Gross Land Area: 0.75 SF
Sale Price: $1,150,000
Unit Price: $95,833.33 Per Unit
Property Use Type: Investment
Building Name: Mission Road Triplexes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/2/2023

Overview / Comments

This offering has 4 separate adjacent Parcels
Each Parcel has 3 large 1 Br / 1 Ba units
100% leased?
Most of the units are updated, and the buildings condition appears to be good
They have been professionally managed.
Pro-forma Gross Rent of $850 per month / $122,400 per yr
Some units are well below market and are on a 30 day notice to vacate.
Must contact agent to show. 24 hour notice to tenants

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: Leon
Tax ID/APN: 2120150000033
Zoning: MR-1
Percent Occupied: 100%
Property Located Between: Hartsfield Rd & W Tharpe ST
Airports: Tallahassee International Airport
Area Description: NW Tallahassee
Property Condition: Good
Number of Stories: 1
Year Built: 1983
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,979 76,229 131,775
Median Age: 25.03 26.11 28.84
Households: 3,938 29,952 52,397


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