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 .
The Vue at 322
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
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
