Multifamily
Dior Townhomes
132 Dixie Dr, Tallahassee, FL 32304
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present Dior Townhomes, a well built townhome asset located in Tallahassee; Florida's Capital City. Since 2023, 11-unit interiors have been fully renovated, paving the way for a new investor to complete interior renovation plan and hire a local third-party management company. The Property is offered on a free and clear basis. To learn more about the debt available for this property, contact a listing agent.
Dior Townhomes
Investment Highlights
- Thirty-Four (34) Unit Townhome Asset Located in Tallahassee, The State Capital of Florida
- Built in 1999, the Property Features (34) 2x1.5 Townhome Units with 1,000 Rentable SqFt
- Eleven (11) Units Have Been Fully Renovated Since 2023, Leaving an Investor the Opportunity to Continue Renovations on the Remaining Twenty-Three (23) Standard Units
- Unit Amenities Include Stainless Steel Appliances, Quartz Countertops, Sleek Wood-Grain Cabinets, Extended Breakfast Bars, Vinyl Plank Flooring on The First Floor, Upgraded Light Fixtures, New Bathroom Vanities & Toilets, and More
- All Units Have Full Size In-Unit Wash/Dryer Appliances and Connections
- In-Place Rents Average 14% Below The Average of The Rent Comparables, Leaving Room For Upside By Setting New Rents To Be In-Line With Nearby Properties
- Near-Term Opportunity to Increase the Average Rent by $190+/month, Resulting in Top-Line Annual Revenue Growth of $79,000+
- Operational Value-Add Potential By Changing Management Companies To A Third-Party Company With An Existing Presence And Personnel In The Market. Contact A Listing Agent To Inquire About Potential Management Options
Exclusively Listed By
Financing By
Listing Price: Request For Offer
Investment Highlights
- Thirty-Four (34) Unit Townhome Asset Located in Tallahassee, The State Capital of Florida
- Built in 1999, the Property Features (34) 2x1.5 Townhome Units with 1,000 Rentable SqFt
- Eleven (11) Units Have Been Fully Renovated Since 2023, Leaving an Investor the Opportunity to Continue Renovations on the Remaining Twenty-Three (23) Standard Units
- Unit Amenities Include Stainless Steel Appliances, Quartz Countertops, Sleek Wood-Grain Cabinets, Extended Breakfast Bars, Vinyl Plank Flooring on The First Floor, Upgraded Light Fixtures, New Bathroom Vanities & Toilets, and More
- All Units Have Full Size In-Unit Wash/Dryer Appliances and Connections
- In-Place Rents Average 14% Below The Average of The Rent Comparables, Leaving Room For Upside By Setting New Rents To Be In-Line With Nearby Properties
- Near-Term Opportunity to Increase the Average Rent by $190+/month, Resulting in Top-Line Annual Revenue Growth of $79,000+
- Operational Value-Add Potential By Changing Management Companies To A Third-Party Company With An Existing Presence And Personnel In The Market. Contact A Listing Agent To Inquire About Potential Management Options
Investment Overview
Marcus & Millichap is pleased to present Dior Townhomes, a well built townhome asset located in Tallahassee; Florida's Capital City. Since 2023, 11-unit interiors have been fully renovated, paving the way for a new investor to complete interior renovation plan and hire a local third-party management company. The Property is offered on a free and clear basis. To learn more about the debt available for this property, contact a listing agent.
Exclusively Listed By
Financing By
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