Dior Townhomes
Multifamily | 34 Units Built in 1999 | Tallahassee, FL
Marketing description
SP Multifamily Group 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 below.
Investment highlights
Built in 1999, The Property Consists of (34) 1,000 Square Foot Two-Bedroom/One-and-a-half Bathroom Townhomes
11-Units Have Been Renovated Since 2023, Leaving an Investor the Opportunity to Continue Renovations on the Remaining 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
100% Of the 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
Physical Value-Add Opportunity to Increase the Average Rent by $190+/month, Resulting in Top-Line Annual Revenue Growth of $79,000+
Conveniently Located within five-minutes of Pensacola & Tennessee Street corridors, which consist of 30+ local and national restaurant brands and retail stores
67,000+ Students and 17,000 Employees supported by Florida State University, Florida A&M University, and Tallahassee State College, within 10-minutes from the Property
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