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Multifamily

Sabal Court

2125 Jackson Bluff Rd, Tallahassee, FL 32304

Listing Price: Request For Offer

Number of Units
129
Gross SF
119,175

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.

Investment Highlights

  • 129-Unit Multifamily Asset Located in the Heart of Tallahassee, FL
  • Ability to Increase NOI by 56% Through a Strategic Interior/Exterior Renovation Plan
  • The Property Boasts a Favorable Unit Mix of 1x1s, 2x1s,2x2s, and 3x2s with a Total Rentable Sq.Ft. of 119,175
  • Amenities include a Clubhouse, Swimming Pool with Tanning Deck, Laundry Facility, Off Street Parking, Open Courtyard Areas, and more.

Exclusively Listed By

Financing By

Listing Price: Request For Offer

Number of Units
129
Gross SF
119,175

Investment Highlights

  • 129-Unit Multifamily Asset Located in the Heart of Tallahassee, FL
  • Ability to Increase NOI by 56% Through a Strategic Interior/Exterior Renovation Plan
  • The Property Boasts a Favorable Unit Mix of 1x1s, 2x1s,2x2s, and 3x2s with a Total Rentable Sq.Ft. of 119,175
  • Amenities include a Clubhouse, Swimming Pool with Tanning Deck, Laundry Facility, Off Street Parking, Open Courtyard Areas, and more.

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.

Exclusively Listed By

Financing By

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