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Multifamily

Holton Apartments

2500 Holton St, Tallahassee, FL 32310

Listing Price: Request For Offer

Number of Units
100
Gross SF
91,400

Investment Overview

Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire Holton Apartments in Tallahassee, FL. Holton Apartments Consists of 100 units, comprised of (36) 2x1s with 850 rentable square feet and (64) 3x1s with 950 rentable square feet. Current ownership and previous ownership have replaced all roofs four years ago and since then current ownership has also replaced all water/heaters and HVACs have been replaced as needed (all have been replaced within the last 5 years). In addition to the large ticket items, current ownership has renovated 41-unit interiors with new cabinets, appliances, vinyl plank flooring and more. A buyer’s upside is to continue renovations on the remaining 59 standard units and increase rents by $185 on new leases for renovated units.

Investment Highlights

  • 100-Unit Workforce Housing Asset in Tallahassee, FL Located in a Qualified Opportunity Zone
  • Full Concrete Block/Red Brick Construction Built With 91,400 Rentable Square Feet (914 Avg. Sq. Ft.)
  • Large Capex Items Have Been Replaced Over the Past 5 Years Such As Roofs, Most HVACs, and Water Heaters
  • To Date, Current Owners Have Renovated (13) 2x1s and (28) 3x1s with New Flooring, Cabinets, Appliances and Light Fixtures
  • Opportunity For A New Buyer to Renovate the Remaining (23) 2x1s and (36) 3x1s For a Potential Annual Increase in Revenue of $155,000+

Exclusively Listed By

Financing By

Multifamily

Holton Apartments

Listing Price: Request For Offer

Number of Units
100
Gross SF
91,400

Investment Highlights

  • 100-Unit Workforce Housing Asset in Tallahassee, FL Located in a Qualified Opportunity Zone
  • Full Concrete Block/Red Brick Construction Built With 91,400 Rentable Square Feet (914 Avg. Sq. Ft.)
  • Large Capex Items Have Been Replaced Over the Past 5 Years Such As Roofs, Most HVACs, and Water Heaters
  • To Date, Current Owners Have Renovated (13) 2x1s and (28) 3x1s with New Flooring, Cabinets, Appliances and Light Fixtures
  • Opportunity For A New Buyer to Renovate the Remaining (23) 2x1s and (36) 3x1s For a Potential Annual Increase in Revenue of $155,000+

Investment Overview

Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire Holton Apartments in Tallahassee, FL. Holton Apartments Consists of 100 units, comprised of (36) 2x1s with 850 rentable square feet and (64) 3x1s with 950 rentable square feet. Current ownership and previous ownership have replaced all roofs four years ago and since then current ownership has also replaced all water/heaters and HVACs have been replaced as needed (all have been replaced within the last 5 years). In addition to the large ticket items, current ownership has renovated 41-unit interiors with new cabinets, appliances, vinyl plank flooring and more. A buyer’s upside is to continue renovations on the remaining 59 standard units and increase rents by $185 on new leases for renovated units.

Exclusively Listed By

Financing By

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