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
  • Oven
  • Range
  • Vinyl Flooring

SITE AMENITIES

  • 24 Hour Access
  • Property Manager on Site
  • Recycling
  • Trash Pickup - Curbside
  • Walk-Up

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 48 - 449

PROPERTY TAXES

ZONING

Zoning Code CU
  • Listing ID: 21527965

  • Date on Market: 11/17/2020

  • Last Updated:

  • Address: 1554 Lake Ave, Tallahassee, FL 32310