About 3117 Parklawn Street
Great opportunity to purchase a solid income producing 15-unit apartment complex with upside!! This 2.84 Acre property includes 12 detached buildings with the potential to build additional units. Current Cap rate 8.7% plus owners unit rented would deliver an above 9.2% cap. Main house is subdivided which includes (4)-1/1 units. Situated only 3 miles from FSU College of Medicine, the location is convenient for FSU faculty/staff as well as for professionals.
Commercial property for sale in Tallahassee, FL at 3117 Parklawn Street.
Features of 3117 Parklawn Street
| MLS® # | RX-10995144 |
|---|---|
| Price | $1,950,000 |
| Acres | 2.84 |
| Year Built | 2019 |
| Type | Commercial |
| Sub-Type | Income |
| Style | Resident. Multi-Fam., Other |
| Status | New |
Community Information: Tallahassee
| Address | 3117 Parklawn Street |
|---|---|
| Area | 5940 |
| City | Tallahassee |
| County | Leon |
| State | FL |
| Zip Code | 32304 |
Amenities of 3117 Parklawn Street
| Utilities | Cable, 3-Phase Electric |
|---|---|
| Is Waterfront | No |
Interior of 3117 Parklawn Street
| Appliances | Building and Land, Fixtures |
|---|---|
| Heating | Central, Other |
| Cooling | Wall-Win A/C, Central Building |
| # of Stories | 12 |
Exterior of 3117 Parklawn Street
| Lot Description | 15 units |
|---|---|
| Roof | Comp Shingle |
Additional Information On 3117 Parklawn Street
| Listing Courtesy of | Realty One Group Engage |
|---|---|
| Date Listed | June 10th, 2024 |
| Zoning | OR-3 |
| RE / Bank Owned | No |
Listing Details
| Office | Realty One Group Engage |
|---|