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Multifamily

Kissimmee Apartments

510 Kissimmee St, Tallahassee, FL 32310

Listing Price: $800,000

Cap Rate
6.93%
Number of Units
10
GRM
8.28
Occupancy
100.0%
Price/Unit
$80,000
Price/Gross SF
$155.34
Gross SF
5,150

Investment Overview

Marcus and Millichap invites qualified investors to review Kissimmee Apartments, a 10 -unit multifamily asset located in Tallahassee, FL. Kissimmee Apartments offers tenants (8) one-bedroom/one-bathroom units and (2) two-bedroom/one-bathroom units with a total rentable square footage of 5,150 Sq. Ft.

Investment Highlights

  • 10-Unit Multifamily Asset Located In Tallahassee, FL
  • Kissimmee Apartments Has Had Major Interior And Exterior Renovations Since 2021
  • With An Average Effective Rent Of $805, An Investor Has The Opportunity To Increase Rental Rates To Be Competitive Within The Market As Units Turn
  • Stabilized Asset Boasting 100% Occupancy Rate With Minimal Deferred Maintenance
  • All Units Individually Metered for Water/Sewer and Tenants pay All Utilities Onsite
  • Located Within The Heart Of Tallahassee, Kissimmee Apartments Offer Residents Proximity To All Major Tallahassee Economic Drivers Within 15 Minutes

Exclusively Listed By

Multifamily

Kissimmee Apartments

Listing Price: $800,000

Cap Rate
6.93%
Number of Units
10
GRM
8.28
Occupancy
100.0%
Price/Unit
$80,000
Price/Gross SF
$155.34
Gross SF
5,150

Investment Highlights

  • 10-Unit Multifamily Asset Located In Tallahassee, FL
  • Kissimmee Apartments Has Had Major Interior And Exterior Renovations Since 2021
  • With An Average Effective Rent Of $805, An Investor Has The Opportunity To Increase Rental Rates To Be Competitive Within The Market As Units Turn
  • Stabilized Asset Boasting 100% Occupancy Rate With Minimal Deferred Maintenance
  • All Units Individually Metered for Water/Sewer and Tenants pay All Utilities Onsite
  • Located Within The Heart Of Tallahassee, Kissimmee Apartments Offer Residents Proximity To All Major Tallahassee Economic Drivers Within 15 Minutes

Investment Overview

Marcus and Millichap invites qualified investors to review Kissimmee Apartments, a 10 -unit multifamily asset located in Tallahassee, FL. Kissimmee Apartments offers tenants (8) one-bedroom/one-bathroom units and (2) two-bedroom/one-bathroom units with a total rentable square footage of 5,150 Sq. Ft.

Exclusively Listed By

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