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445 Conradi St 62 Unit Apartment Complex

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ID: 73
445 Conradi St 62 Unit Apartment Complex
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$16,000,000.00
Earnest Money Deposit: $1,000,000

(Currently Sold Out. Inquire for availability)
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Property Description

Investment Opportunity Discover the investment potential at 445 Conradi St in Tallahassee, FL! Presenting a lucrative opportunity with a prime 62-unit apartment building undergoing renovations and poised for growth. This property boasts a convenient location just one block away from the University of Florida Medicine, promising student housing potential.

Built in 1968, this spacious property sits on 1.33 acres and has a solid financial snapshot with a Total Income of $831,600 and Net Operating Income (NOI) of $699,600. With $16,000,000 as the asking price, there is substantial room for upward growth and value enhancement through further renovations and development strategies.

Tallahassee's thriving real estate market offers a strong job market and educational opportunities, ensuring long-term appreciation. Don't miss out on this exciting opportunity to invest in a property with a prime location, strong financials, renovation upside, and development potential! Contact us at Coldwell Banker Commercial AMH for more information.

BUILDING INFORMATION

  • 2
  • 3
  • 17,500
  • 17,500
  • 10,000
  • 62
  • 1968
  • 2012
  • 1.33
  • 1
  • 100%

PROPERTY TYPE

  • Multifamily
  • Student Housing
  • Redevelopment
  • Owner/User
  • B

PRICING

  • $914.29
  • $258,064.52
  • 4.40%
  • 100%
  • $699,600