3117 Parklawn Street
Tallahassee, FL 32304

Property

Ownership: Commercial
Type: Multi-Family
Area: 5940 sq ft

Financials

Price: $1,950,000
Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of Realty One Group Engage

Description

Great opportunity to purchase a solid income producing 15-unit apartment complex with upside!! This 2.84 Acre property includes 12 detached buildings with the potential to build additional units. Current Cap rate 8.7% plus owners unit rented would deliver an above 9.2% cap. Main house is subdivided which includes (4)-1/1 units. Situated only 3 miles from FSU College of Medicine, the location is convenient for FSU faculty/staff as well as for professionals.

Unbranded Virtual Tour: https://www.propertypanorama.com/3117-Parklawn-Street-Tallahassee-FL-32304/unbranded

Great opportunity to purchase a solid income producing 15 unit apartment complex with upside !


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.