Auction Details

503 Palm Beach Street

Property ID: #922

MLS: #

Bids: 0

Views: 9 times

53-Unit apartment community located across the street from the Student Recreation Center of FAMU (Florida Agricultural and Mechanical University) in Tallahassee, Florida; and nearby Tallahassee Community College, Florida State College, the newly renovated Tallahassee Mall, restaurant dining, and public schools. This apartment complex consists of four buildings housing 36 one bedroom/one bathroom units (450 rentable sqft.) and 17  two bedroom/one bathroom units (703 rentable sqft.).

$300 in recent capital improvements
New Laundry room
Adjacent to FAMU (11,000 student populous)
Cap rate 9.58%
14.75 % initial Cash-on-cash return

Description                                No. of Units       Average Rent       Sqft.
1 bedroom/1bathroom         36                          $495                         450
2 bedroom/1 bathroom       17                           $625                         705

Nearby Properties

  • copy_325_503-Palm-Beach-St-Tallahassee-FL-pic-1.jpg

    503 Palm Beach Street
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  • Uploaded image 503-Palm Beach-St-Tallahassee-FL-pic-1.jpg

    503 Palm Beach Street
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Starting Bid: $1,850,000.00 Current Bid: $1,850,000.00

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Bids: 0
Address: 503 Palm Beach Street
Viewed: 9 times

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