813-462-4214
1405 Southwood Plantation Rd, Tallahassee, FL for Sale
Apartments - FOR SALE
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1405 Southwood Plantation Rd
Tallahassee, FL 32311
Southeast Tallahassee


HIGHLIGHTS

  • Exceptional connectivity. Access to over 62k jobs withing a 30-minute commute.
  • With only 33 units partially renovated, there is an opportunity to increase effective rents by over $250.
  • New ownership has ability to increase ancillary income by nearly $200,000.
  • Limited new supply & outsized rent growth.
  • Tallahassee is projected to achieve a population growth rate exceeding 4.3% over the next 5 years.
  • Convenient access to major employers, Downtown Tallahassee, and several regional hospitals.

FOR SALE DETAILS

PRICE

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# OF UNITS

200

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Apalachee Point

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

14.52 AC

LAND SF

632,491 SF

ZONING

MR-1

APN/PARCEL ID

31-02-20-601-000.0

ASK ABOUT THIS PROPERTY

Mike DonaldsonCushman & WakefieldMore Info
813-462-4214

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Mike DonaldsonCushman & WakefieldMore Info
813-462-4214

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.