Listed by Harrison Commercial Properties
$2,100,000
Eagle Peak Apartments
Details
APN 21-33-20-408-0000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,576
Units 24
Cap Rate 7.25%
Occupancy 95%
Class B
Year Built 1970
Year Renovated 2016,2025
Acreage 1.260
Zoning UT
Tallahassee Student housing apartments
Marketing description
24 unit apartment complex on W Pensacola St. 16 one bedroom, one bath, 8 two bedroom, one bath units. 22 units have been updated. Great value add opportunity, several units are below market..
West side location convenient to FSU, TSC and FAMU. Nearby walkable shopping and restaurants including Aldi, Five Below, Planet Fitness, Starbucks, Mc Donalds, Moe
Investment highlights
- 7.5% Cap Rate
- Land Area: 1.26 Acres
- 15,576 + Total SF
- Zoning: UT
- 24 Unit Apartment Complex
- 22 Units have been renovated
- 8 Total: 1BR/1BA at 540+ SF
- 8 Total: 2BR/1BA at 750+ SF
- 8 Total: 1BR/1BA at 651+ SF
Listing Contacts
Listed by Harrison Commercial Properties
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Zoning
UT SpecialUniversity Transition
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