Apartments For Sale • 9,190 SF
100% OCCUPIED WITH LONG-TERM TENANTS! SEVERELY UNDER-MARKET RENTAL RATES IN PLACE, GIVING THE BUYER MASSIVE UPSIDE TO INCREASE THEIR NOI RIGHT AWAY! |
AMAZING SELLER FINANCING AVAILABLE! $300,000- $360,000 DOWN PAYMENT, 4.5% IR Year 1, 5% IR Year 2, 5.25% IR Year 3, 6% IR Year 4. |
INTEREST-ONLY PAYMENTS AND A 4-YEAR BALLOON! LARGE 3-BEDROOM/3-BATHROOM UNITS! |
10% CASH-ON-CASH RETURN IN PLACE! 12.2% CASH-ON-CASH RETURN IN 2026! |
13.2% CASH-ON-CASH RETURN BY 2027! 14% CASH-ON-CASH RETURN IN 2028! |
EACH UNIT HAS BEEN CAREFULLY CRAFTED TO INCLUDE THE FINEST FINISHES AND TOP-NOTCH AMENITIES! |
Airport | Drive | Walk | Distance |
---|---|---|---|
Tallahassee International | 6 min | - | 2.6 mi |
Parking Available: | Yes |
Reserved: | No |
Type: | Covered |
Included in Rent: | Yes |