29 Rental Properties, 100% Leased!

Multi-Family for Sale
Catylist Listing ID: 30668708
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 30 Units
Building Size (RSF): 27,060 SF
Gross Building Area: See Agent
Sale Price: $2,999,900
Unit Price: $99,996.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.14%
Average Occupancy Rate: 100
Last Updated: 4/15/2021

Overview / Comments

ATTENTION INVESTORS! Great opportunity to own this fully leased 29 property rental portfolio. These properties are 100% occupied with leases in place. Total gross annual rent is $334,680. 7.14% Cap Rate. 14 single family homes, 14 townhouses and 1 duplex (30 doors total). Properties have been updated and are all very well maintained. Complete Investor packet with property addresses, lease info, expense info, property info, age of roof/HVAC units, and a Cash Flow/R.O.I. Analysis is available upon request. Pictures of all properties also available upon request. Contact Bobby Nahoom of Amac Real Estate. (850) 567-0037, nahoom1171@yahoo.com.


Finance Data Year 2020
Real Estate Taxes - Annual($) $34,419 (Annual)
Gross Operating Income $334,080 (Annual)
Net Operating Income $220,641 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: Leon County
Tax ID/APN: 4103100000360
Percent Occupied: 100%
Property Located Between: Various locations in Tallahassee
Total Number of Buildings: 29
Property Condition: Good
Parking Type: Surface
Parking Description: Off street parking (i.e. driveways), and some on street parking.
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Internet Access: Cable
Sewer Type: Municipal, Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,462 92,541 153,192
Median Age: 22.82 25.86 29.03
Households: 7,568 36,157 63,028


Photograph of Listing Agent

Nathan Newell

AMAC Real Estate Co
TALrex.com Member
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