Multifamily Investment Opportunity - Maria Circle

Multi-Family for Sale
Catylist Listing ID: 30731765
Property Subtypes: Low-Rise/Garden
Number of Units: 22 Units
Building Size (RSF): 17,292 SF
Gross Land Area: 5.15 Acres
Sale Price: $2,185,000
Unit Price: $99,318.18 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/27/2021

Overview / Comments

Maria Circle Apartments is a 22 unit multifamily asset comprised of all 2 BR 1 BA units built in 1977. The well maintained property sits on 5.15 acres just off North Monroe Street in the popular Lake Jackson area of Tallahassee. Ample parking and excellent rental history.

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Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: Leon County
Tax ID/APN: 2104510000010
Zoning: RESIDENTIAL PRESERVATION
Site Description: Maria Circle Apartments is a 22 unit multifamily asset comprised of all 2 BR 1 BA units built in 1977. The well maintained property sits on 5.15 acres just off North Monroe Street in the popular Lake Jackson area of Tallahassee.
Area Description: Conveniently located off North Monroe Street in the Lake Jackson area of Tallahassee. In close proximity to new Publix grocery store, walking distance to Canopy Oaks Elementary School and only minutes north of Downtown.
Number of Stories: 1
Year Built: 1977
Parking Description: Ample surface parking
Zoning Description: Residential Preservation

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,818 34,343 104,664
Median Age: 35.45 31.86 29.79
Households: 3,533 14,090 42,034

Contact

Photograph of Listing Agent

Lawrence "Chip" Hartung

Coldwell Banker Hartung TALrex.com Member
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