Multifamily
Columbia Trace and Valencia Apartments
226 Columbia Dr, Tallahassee, FL 32304
Listing Price: $5,025,000
Cap Rate
7.27%
Number of Units
40
GRM
8.58
Price/Unit
$125,625
Investment Overview
A 40-unit, adjacent two-property multifamily portfolio in Tallahassee, Florida. 100 percent occupancy at both communities.
Columbia Trace and Valencia Apartments
Investment Highlights
- 40-unit, adjacent two-property multifamily portfolio in Tallahassee, Florida
- Highly walkable location – West Tennessee Street, Publix Supermarket and Aldi-anchored WestEnd Square are all just steps away, offering numerous dining, shopping and entertainment options
- Situated between two large post-secondary institutions - Florida State University with a 44,000-student enrollment and FSU Seminole's Doak Campell Stadium are just 2 miles to the east
- Columbia Trace Apartments: 16 large three-bedroom/three-bathroom apartments. 2003 construction with granite countertops, undermount sinks, built-in appliances and in-unit washer/dryer appliances
- Valencia Apartments: 24 one-bedroom/one-bathroom apartments. 20 units recently renovated with updated countertops, new cabinetry, stainless steel appliances, luxury vinyl plank flooring, new carpet and fresh paint. Amenities include a gazebo, picnic/grilling area and an on-site laundry facility
- 100% occupancy at both communities
- 2021/2022 roofs at Columbia; 2017/2019 roofs at Valencia
- Properties sold collectively, however individual property offers will be considered
Exclusively Listed By
Financing By
Listing Price: $5,025,000
Cap Rate
7.27%
Number of Units
40
GRM
8.58
Price/Unit
$125,625
Investment Highlights
- 40-unit, adjacent two-property multifamily portfolio in Tallahassee, Florida
- Highly walkable location – West Tennessee Street, Publix Supermarket and Aldi-anchored WestEnd Square are all just steps away, offering numerous dining, shopping and entertainment options
- Situated between two large post-secondary institutions - Florida State University with a 44,000-student enrollment and FSU Seminole's Doak Campell Stadium are just 2 miles to the east
- Columbia Trace Apartments: 16 large three-bedroom/three-bathroom apartments. 2003 construction with granite countertops, undermount sinks, built-in appliances and in-unit washer/dryer appliances
- Valencia Apartments: 24 one-bedroom/one-bathroom apartments. 20 units recently renovated with updated countertops, new cabinetry, stainless steel appliances, luxury vinyl plank flooring, new carpet and fresh paint. Amenities include a gazebo, picnic/grilling area and an on-site laundry facility
- 100% occupancy at both communities
- 2021/2022 roofs at Columbia; 2017/2019 roofs at Valencia
- Properties sold collectively, however individual property offers will be considered
Investment Overview
A 40-unit, adjacent two-property multifamily portfolio in Tallahassee, Florida. 100 percent occupancy at both communities.
Exclusively Listed By
Financing By
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