Investment Overview

Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire Sabal Court in Tallahassee, FL. Sabal Court is a 129-unit multifamily asset comprised of studio, 1x1, 2x1, 2x2, and 3x2 units with a total rentable Sq. Ft. of 119,175. Through a strategic interior/exterior renovation plan, Sabal Court offers investors the ability to increase NOI by 56% after increasing rents by $260 property wide on average. Currently, the property is 89% occupied and roughly 10 units are being held offline for a new buyer to immediately start their renovation plan upon acquisition. Additionally, more than 20% of the units are currently month-to-month, allowing an investor to control how quick they start renovations on those units. Amenities at Sabal Court consist of a laundry facility, playground, open green area, clubhouse, and a swimming pool.