1530 Live Oak Dr, Tallahassee, FL 32301
17 Unit Apartment Building | $2,077,200 ($122,188/Unit) | 7.20% Cap Rate | Tallahassee, FL 32301
For Sale
Active
Asking Price $2,077,200
- Property Type
-
Multifamily
- Square Feet
- 10,884 SF
Listing Contacts
Joseph Bar Gimdani
Property Overview
*UNDER CONTRACT, ACCEPTING BACKUP OFFERS
PLEASE CONTACT JOSPEH FOR ANY INQUIRIES @ 717-736-2121 [email protected]
Prime investment opportunity that offers both immediate returns and potential for future growth!
*Seller Finance option! Possible 10% Return
*Finance option - conventional loan with 20% down at 6.5% Non-Recourse
Key Features:
17 spacious and renovated 1-bedroom, 1-bathroom units
Modern finishes and fixtures throughout, including updated kitchens and bathrooms
Ample natural light and comfortable living spaces
Convenient parking for residents
Well-maintained and very well-kept property, with new roofs, and many updates giving the new buyer the option to enjoy great immediate return and potential future growth. current average rent per unit is $970 with some units rents for $1000 and $1150.
Holding Expenses:
Taxes - $13,578.57
Insurance - $17,000 (per year)
Gardner - $3600 (per year)
Waste - $320 (per year
*Tenants pay for all utilities
A seller-financed is offered with the following terms:
$977,000 down payment at 5.25% interest only, 7 years balloon ($4812.5 Mortgage monthly payment) No prepayment penalty.
*1 large storage in the property for the use of the owner.
*Stabilized Asset with Valued add still left
*All units are in great condition, the property has a lot of renovations and updates.
*The parking lot was resurfaced in 2018.
*Solid investment for 1031 exchange.
17 units, all 1/1 - 4 quads and 1 SFR
Total SqFt - 10,884
Lot size - 43,560 sf
PLEASE CONTACT JOSPEH FOR ANY INQUIRIES @ 717-736-2121 [email protected]
Prime investment opportunity that offers both immediate returns and potential for future growth!
*Seller Finance option! Possible 10% Return
*Finance option - conventional loan with 20% down at 6.5% Non-Recourse
Key Features:
17 spacious and renovated 1-bedroom, 1-bathroom units
Modern finishes and fixtures throughout, including updated kitchens and bathrooms
Ample natural light and comfortable living spaces
Convenient parking for residents
Well-maintained and very well-kept property, with new roofs, and many updates giving the new buyer the option to enjoy great immediate return and potential future growth. current average rent per unit is $970 with some units rents for $1000 and $1150.
Holding Expenses:
Taxes - $13,578.57
Insurance - $17,000 (per year)
Gardner - $3600 (per year)
Waste - $320 (per year
*Tenants pay for all utilities
A seller-financed is offered with the following terms:
$977,000 down payment at 5.25% interest only, 7 years balloon ($4812.5 Mortgage monthly payment) No prepayment penalty.
*1 large storage in the property for the use of the owner.
*Stabilized Asset with Valued add still left
*All units are in great condition, the property has a lot of renovations and updates.
*The parking lot was resurfaced in 2018.
*Solid investment for 1031 exchange.
17 units, all 1/1 - 4 quads and 1 SFR
Total SqFt - 10,884
Lot size - 43,560 sf
Property Details
- Class
- C
- Year Built
- 1979
- Stories
- 1
- Units
- 17
Highlights
- *Seller Finance option! Possible 10% Return *Finance option - conventional loan with 20% down at 6.5% Non-Recourse
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