Campus Walk Apartments | 810 Wadsworth St
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Campus Walk Apartments 810 Wadsworth St
181 Unit Apartment Building For Sale Tallahassee, FL 32304
Investment Highlights
- Numerous dining and retail options within a five-minute walk. One mile to Doak Campbell Stadium, CVS and Target.
- Community amenities include leasing office, covered picnic area and smart laundry center.
- Community is ten minutes from Interstate-10, providing easy access to nearby major cities of Pensacola and Jacksonville.
- Meticulously maintained under long-term professional ownership since 1997.
- Three of four roofs only six years old or less, with one replaced in 2023.
Executive Summary
181-unit market rate multifamily community in Tallahassee, Florida. Highly walkable location – West Tennessee Street is just steps away, with Florida State University campus directly across street. 25.44% increase in EGI achievable via common area and unit interior improvements, including activation of pool (currently filled and lushly landscaped), repurposing of racquet ball court, and installation of gated entry. Tallahassee is home to Florida State University with a 44,000-student enrollment and the Florida State Capitol with a 40,000-government employee workforce.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Building Size | 142,338 SF |
| No. Units | 181 | Average Occupancy | 91% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1973/2005 |
| Apartment Style | Garden | Parking Ratio | 2.11/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 3.27 AC |
| Sale Type | Investment |
| No. Units | 181 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.27 AC |
| Building Size | 142,338 SF |
| Average Occupancy | 91% |
| No. Stories | 3 |
| Year Built/Renovated | 1973/2005 |
| Parking Ratio | 2.11/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Window Coverings
Site Amenities
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Car Wash Area
- Furnished Units Available
- Grill
- Laundry Service
- Package Service
- Racquetball Court
- Maintenance on site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 178 | - | 600 |
| 3+1 | 1 | - | 1,200 |
| 3+2 | 2 | - | 1,200 |
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Walk Score ®
Very Walkable (70)
Bike Score ®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 21-26-90-00D-001.0 | Improvements Assessment | $4,952,721 (2023) |
| Land Assessment | $2,160,000 (2023) | Total Assessment | $7,112,721 (2023) |
PROPERTY TAXES
Parcel Number
21-26-90-00D-001.0
Land Assessment
$2,160,000 (2023)
Improvements Assessment
$4,952,721 (2023)
Total Assessment
$7,112,721 (2023)
zoning
| Zoning Code | CU-45 (Central Urban District) |
| CU-45 (Central Urban District) |
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Campus Walk Apartments | 810 Wadsworth St
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