Exclusively Listed by SP Multifamily Group
Legacy Parc
Tallahassee, FL
Property Details
Key Facts
- Address 457 White Drive
- Total Number of Units 30 Units
- City, State Tallahassee, FL
- Year Built 1968
- Number of Buildings Four (4) Residential: One (1) Office/Maintenance
- Financing Free and Clear
Investment Highlights
30-Unit Multifamily Asset Consisting Of One, Two, And Three-Bedroom Units With Proximity To All Major Job Hubs, Retail, And Entertainment In Tallahassee.
A New Investor Will Be Able To Increase The Average Effective In-Place Rents By Nearly 25% Through Increasing Current Leases To Competitive Market Rates After Implementation Of The Buyer’s Business Plan.
Located Within 2-Minutes Of National Retailers And Restaurants Of West Tennessee Street (Publix, Target, Walgreens, Starbucks, Chick-Fil-A, Etc.).
Investors Have The Unique Opportunity To Replace The In-Unit Dishwashers With All-In-One Washer/Dryers, Providing Residents With An Amenity That Is Relatively Rare With Similar Assets In The Immediate Marketplace.
The Property Is Currently 100% Occupied, Providing A New Investor With Premium Stabilized Cash Flow At The Beginning Of The Ownership.
Tallahassee Is The 5th Fastest Growing Place In America In 2024-2025.
Team
SP Multifamily Group
Benjamin Skinner
Vice President Investments
SP Multifamily Group, Marcus & Millichap
407.557.3889
Matthew Prozzillo
Vice President Investments
SP Multifamily Group, Marcus & Millichap
407.557.3888
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