Skip to main content

Multifamily

The Vue at 322

322 Conradi St, Tallahassee, FL 32304

Listing Price: $1,600,000

Cap Rate
5.51%
Occupancy
83.0%
Price/Gross SF
$186.22
Gross SF
8,592

Investment Overview

The Vue at 322 consists of eight units with a total of 24 beds, all 3-bed, and 2-bath. Located directly across Stadium Drive, just a one-minute walk to FSU Campus .

Investment Highlights

  • Excellent Walkable Central Location: 50 Feet West of Florida State University
  • Multiple Value-Add Strategies: -Fill Vacancy- Current Occupancy 83% -Rent Increases Attainable with Current Interiors -Renovate Interiors to Further Increase Market Rents
  • Significant Under-Market Rents | Opportunity to Increase All Bedroom Rents to $600 per Month, or up to 28% Upside, Without any Interior Renovations
  • Property Zoning is UT (University Transition) | Very Flexible Residential and Commercial Zoning District
  • Building is 2 stories | 8 Units | All 3 Bedroom, 2 Bathroom Floorplans
  • Built in 1990 | 0.29 AC +/- Allowing for Potential 14 Units (50 Units/Acre) With Re-Development
  • One Minute Walk to FSU Campus Located Directly Across Stadium Drive
  • Close Proximity to FAMU & TCC

Exclusively Listed By

Financing By

Multifamily

The Vue at 322

Listing Price: $1,600,000

Cap Rate
5.51%
Occupancy
83.0%
Price/Gross SF
$186.22
Gross SF
8,592

Investment Highlights

  • Excellent Walkable Central Location: 50 Feet West of Florida State University
  • Multiple Value-Add Strategies: -Fill Vacancy- Current Occupancy 83% -Rent Increases Attainable with Current Interiors -Renovate Interiors to Further Increase Market Rents
  • Significant Under-Market Rents | Opportunity to Increase All Bedroom Rents to $600 per Month, or up to 28% Upside, Without any Interior Renovations
  • Property Zoning is UT (University Transition) | Very Flexible Residential and Commercial Zoning District
  • Building is 2 stories | 8 Units | All 3 Bedroom, 2 Bathroom Floorplans
  • Built in 1990 | 0.29 AC +/- Allowing for Potential 14 Units (50 Units/Acre) With Re-Development
  • One Minute Walk to FSU Campus Located Directly Across Stadium Drive
  • Close Proximity to FAMU & TCC

Investment Overview

The Vue at 322 consists of eight units with a total of 24 beds, all 3-bed, and 2-bath. Located directly across Stadium Drive, just a one-minute walk to FSU Campus .

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower