This Multifamily Property is no longer advertised on LoopNet.com.
1554 Lake Ave
Tallahassee, FL 32310
Ashton Grove · Multifamily Property For Sale
·
48 Units
INVESTMENT HIGHLIGHTS
Opportunity to Acquire a High Yielding Asset Offering 15% Cash-On-Cash Returns
Top 100 Real Estate Markets to Watch in 2020 (Buildium)
1-Minute to the FSU/FAMU College of Engineering
Ownership has successfully increased rents by 40% since 2017, and 17% since July 2019
Fastest Growing Economy Per Capita in Florida (U.S. Dept. of Commerce)
1-Minute to the FAMU Way Project, Accelerating Economic Growth on Tallahassee’s Southside
PROPERTY FACTS
No. Units
48
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low Rise
Building Class
C
Lot Size
0.84 AC
Building Size
21,556 SF
No. Stories
3
Year Built
1974
UNIT AMENITIES
Air Conditioning
Refrigerator
SITE AMENITIES
24 Hour Access
Property Manager on Site
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
1+1
48
-
449
PROPERTY TAXES
Parcel Number
41-02-30-00O-008.4
Improvements Assessment
$1,116,021
Land Assessment
$316,800
Total Assessment
$1,432,821