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17450221
17450212

1305 Clay St, Tallahassee, FL 32304

JS
FL Florida BK3197962
Optimizing CRE LLC
Listed by Optimizing CRE LLC
$825,000
28 days on market
Updated 28 days ago
Opportunity zone

Clay Street Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,580
Units 7
Cap Rate 8.18%
NOI $67,500
Occupancy 100%
Price per SqFt $125
Class C
Year Built 1973
Year Renovated 2024
Buildings 2
Stories 2
Parking Spaces 10 spaces
Parking Per SqFt 1.52
Investment Type Value Add
Ownership Fee Simple

Renovated, Leased up and ready to go for stabilzed value add investment!

Marketing description

Are you looking for an investment opportunity that offers both immediate returns and potential for future growth? Look no further than this awesome value add multi-family building!

With 7 units, including 4 completely renovated units, this building is already 100% leased up and generating impressive rental income. And the best part? There is still room for the next investor to add their own touch and increase the value even further.

The newly renovated units are commanding rents of $1200 or more per month, showcasing the potential for increased cash flow and return on investment. And with a strong rental market, there is no shortage of demand for these units.

CLICK HERE TO VIEW 360 VR TOUR https://tours.360vrdreamsllc.com/tours/MFf7POmGs

CLICK HERE TO VIEW PROPERTY WEBSITE www.Claystreetapts.com

Investment highlights

Solid investment for 1031 exchange

Stabilized Asset with Valued add still left

Location is Close to Downtown easy to get to everything

Close to University

Located in an Opportunity Zone

Only $128 per door Market price per door is well above $147!

Listing Contacts

JS
FL Florida BK3197962
Optimizing CRE LLC
Listed by Optimizing CRE LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$67,500.00
$5,625.00/mo

Valuation Metrics

0
DSCR
8.18%
Cap Rate
8.18%
ROI

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Additional Information

Name
Jules D. Straker
License
Florida BK3197962
Brokerage
EXP Commercial
Brokerage Phone
8508410097
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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