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742 W Madison St
Tallahassee, FL 32304
The Eclipse on Madison · Multifamily Property For Sale · 47 Units
PROPERTY FACTS
| No. Units | 47 | Building Size | 64,857 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid Rise | Year Built | 2015 |
| Building Class | A | Parking Ratio | 0.85/1,000 SF |
| Lot Size | 0.94 AC |
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | A |
| Lot Size | 0.94 AC |
| Building Size | 64,857 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2015 |
| Parking Ratio | 0.85/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Tub/Shower
- Walk-In Closets
- Freezer
SITE AMENITIES
- Business Center
- Clubhouse
- Fitness Center
- Pool
- Tenant Controlled HVAC
- Furnished Units Available
- Media Center/Movie Theatre
- Wi-Fi
- Lounge
- Roommate Matching
- Study Lounge
- Walk To Campus
- Individual Leases Available
ABOUT 742 W MADISON ST , TALLAHASSEE, FL 32304
FourPoint Student Housing Investments is pleased to present Eclipse on Madison to the national student housing investment community. Eclipse on Madison is a value-add, boutique property located adjacent to Florida State University. Built in 2015, the community offers the best in student housing living featuring a rooftop sky lounge and deck, plunge pool, clubhouse and fitness center. Unit amenities include wood-style flooring, stainless steel appliances and spacious floor plans. Eclipse on Madison also offers a new investor many operational upside opportunities that will result in a significant increase of additional income in subsequent years. The property is currently 100% preleased for the upcoming 2019/2020 academic year. Florida State University has a current enrollment of nearly 42,000 students and has an excellent long-term growth forecast. With approximately 6,731 beds on campus, Eclipse on Madison is one of the only pedestrian student housing properties in the market satisfying residents' needs for quality student living. The property is also located less than a mile from Florida A&M University (2018 enrollment: 10,031). Eclipse on Madison is offered all-cash allowing investors to take advantage of historically low interest rates. FourPoint Student Housing Investments welcomes your interest in this exceptional investment offering.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | 390 |
| 1+1 | 12 | - | 538 - 602 |
| 2+2 | 6 | - | 926 |
| 3+3 | 3 | - | 1,257 |
| 4+4 | 20 | - | 1,430 - 1,505 |
PROPERTY TAXES
| Parcel Number | 21-35-70-00B-021.0 | Improvements Assessment | $13,203,759 |
| Land Assessment | $1,081,000 | Total Assessment | $14,284,759 |
PROPERTY TAXES
ZONING
| Zoning Code | UT |
| UT |
