Multifamily
MeGinnis Apartments
1414 Fuller Rd, Tallahassee, FL 32303
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present MeGinnis Apartments, a 37-unit multifamily residential complex built in between 1952 and 1983, located in Tallahassee, FL. MeGinnis Apartments consists of all two and three-bedroom units with an average rentable square feet of 953. All but two units have washer/dryer appliances and a large chunk of units have been renovated with granite look countertops, stainless steel appliances, vinyl plank flooring, upgraded lighting package, and more. MeGinnis Apartments is located in a quiet, low traffic, residential area, and provides proximity to all of the local and national retailers and restaurants of US 27 and Interstate-10.
MeGinnis Apartments
Investment Highlights
- 37-Unit Multifamily Asset With Operational & Physical Value Add Upside
- 16-Units Have Been Renovated With Stainless Steel Appliances, Vinyl Plank Flooring, Upgraded Lighting Package, Granite Look Countertops, And More
- 21-Units Have Received Partial Renovations During Current Ownerships Hold Period And Are Primed For Further Renovation As Leases Turn
- 13 Of The 21 Roofs Have Been Replaced in 2018 and 2022
- Low-Density, Minimal Traffic Residential Area, Offering Tenants Privacy and Relaxing Laid-Back Lifestyle.
- All Units Have Washer/Dryer Connections And 35 Units Have Washer/Dryer Appliances included within the units.
- With Close Proximity To Interstate-10 And US 27, MeGinnis Apartments Is Close To All Major North/South/East/West Thoroughfares, Local And National Big Box Retailers, And Various Restaurants For Tenants To Enjoy
Exclusively Listed By
Financing By
Listing Price: Request For Offer
Investment Highlights
- 37-Unit Multifamily Asset With Operational & Physical Value Add Upside
- 16-Units Have Been Renovated With Stainless Steel Appliances, Vinyl Plank Flooring, Upgraded Lighting Package, Granite Look Countertops, And More
- 21-Units Have Received Partial Renovations During Current Ownerships Hold Period And Are Primed For Further Renovation As Leases Turn
- 13 Of The 21 Roofs Have Been Replaced in 2018 and 2022
- Low-Density, Minimal Traffic Residential Area, Offering Tenants Privacy and Relaxing Laid-Back Lifestyle.
- All Units Have Washer/Dryer Connections And 35 Units Have Washer/Dryer Appliances included within the units.
- With Close Proximity To Interstate-10 And US 27, MeGinnis Apartments Is Close To All Major North/South/East/West Thoroughfares, Local And National Big Box Retailers, And Various Restaurants For Tenants To Enjoy
Investment Overview
Marcus & Millichap is pleased to present MeGinnis Apartments, a 37-unit multifamily residential complex built in between 1952 and 1983, located in Tallahassee, FL. MeGinnis Apartments consists of all two and three-bedroom units with an average rentable square feet of 953. All but two units have washer/dryer appliances and a large chunk of units have been renovated with granite look countertops, stainless steel appliances, vinyl plank flooring, upgraded lighting package, and more. MeGinnis Apartments is located in a quiet, low traffic, residential area, and provides proximity to all of the local and national retailers and restaurants of US 27 and Interstate-10.
Exclusively Listed By
Financing By
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