EXECUTIVE SUMMARY MILESTONE APARTMENTS

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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written content of the owner is prohibited. Mark Beaudoin 850.545.0395 [email protected] TLG REAL ESTATE SERVICES 3520 Thomasville Road, Suite 200, Tallahassee, FL 32309 850.385.6363 2 well-constructed apartment buildings containing 12 bedrooms. 100% occupancy with leases in place for 2018/2019 school year. Units are rented at $600 per month. Large bedrooms come fully furnished. Owner has managed the apartments with only one vacancy in the last 4 years. Great investment for your portfolio! PROPERTY OVERVIEW Ideally located only a short walk from FSU's campus. Property is across from the FSU Alumni Building on Woodward Avenue. LOCATION OVERVIEW OFFERING SUMMARY Sale Price: $675,000 Cap Rate: 7.04% Number Of Units: 12 Building Size: 3,200 Sq. Ft. 1,600 Sq. Ft. Zoning: Central Urban 26 APN: 21-35-75-002-0150 + 0160 MULTIFAMILY PROPERTY FOR SALE EXECUTIVE SUMMARY MILESTONE APARTMENTS 615 & 621 N WOODWARD AVE , TALLAHASSEE, FL 32304

Transcript of EXECUTIVE SUMMARY MILESTONE APARTMENTS

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction thesuitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written content of the owner is prohibited.

Mark [email protected]

TLG REAL ESTATE SERVICES3520 Thomasville Road, Suite 200, Tallahassee, FL 32309

850.385.6363

2 well-constructed apartment buildings containing 12 bedrooms. 100%occupancy with leases in place for 2018/2019 school year. Units arerented at $600 per month. Large bedrooms come fully furnished. Ownerhas managed the apartments with only one vacancy in the last 4 years.Great investment for your portfolio!

PROPERTY OVERVIEW

Ideally located only a short walk from FSU's campus. Property is acrossfrom the FSU Alumni Building on Woodward Avenue.

LOCATION OVERVIEW

OFFERING SUMMARYSale Price: $675,000

Cap Rate: 7.04%

Number Of Units: 12

Building Size: 3,200 Sq. Ft.1,600 Sq. Ft.

Zoning: Central Urban 26

APN: 21-35-75-002-0150 +0160

MULTIFAMILY PROPERTY FOR SALE

EXECUTIVE SUMMARY

MILESTONE APARTMENTS615 & 621 N WOODWARD AVE , TALLAHASSEE, FL 32304

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction thesuitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written content of the owner is prohibited.

Mark [email protected]

TLG REAL ESTATE SERVICES3520 Thomasville Road, Suite 200, Tallahassee, FL 32309

850.385.6363

MULTIFAMILY PROPERTY FOR SALE

ADDITIONAL PHOTOS

MILESTONE APARTMENTS621 N WOODWARD AVE , TALLAHASSEE, FL 32304

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction thesuitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written content of the owner is prohibited.

Mark [email protected]

TLG REAL ESTATE SERVICES3520 Thomasville Road, Suite 200, Tallahassee, FL 32309

850.385.6363

MULTIFAMILY PROPERTY FOR SALE

SAMPLE PROFORMA

MILESTONE APARTMENTS615 & 621 N WOODWARD AVE , TALLAHASSEE, FL 32304

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction thesuitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written content of the owner is prohibited.

Mark [email protected]

TLG REAL ESTATE SERVICES3520 Thomasville Road, Suite 200, Tallahassee, FL 32309

850.385.6363

MULTIFAMILY PROPERTY FOR SALE

LOCATION MAPS

MILESTONE APARTMENTS615 & 621 N WOODWARD AVE , TALLAHASSEE, FL 32304

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction thesuitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written content of the owner is prohibited.

Mark [email protected]

TLG REAL ESTATE SERVICES3520 Thomasville Road, Suite 200, Tallahassee, FL 32309

850.385.6363

* Demographic data derived from 2010 US Census

POPULATION 1 MILE 2 MILES 3 MILESTOTAL POPULATION 21,359 62,001 100,958MEDIAN AGE 24.1 24.6 26.0MEDIAN AGE (MALE) 25.1 24.7 25.5MEDIAN AGE (FEMALE) 22.5 24.4 26.4HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILESTOTAL HOUSEHOLDS 6,152 22,888 39,834# OF PERSONS PER HH 3.5 2.7 2.5AVERAGE HH INCOME $20,501 $27,608 $35,266AVERAGE HOUSE VALUE $146,616 $178,185 $182,439

MULTIFAMILY PROPERTY FOR SALE

DEMOGRAPHICS MAP

MILESTONE APARTMENTS615 & 621 N WOODWARD AVE , TALLAHASSEE, FL 32304