For Sale
$2,300,000

119 Cadiz StTallahassee, FL 32301

18-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 18-unit apartment building presents a compelling investment opportunity in Tallahassee's desirable Historic District. Located at 119 Cadiz Street, just off E. Park Avenue, this two-story, 1967-built property offers a blend of convenience and charm. The building comprises nine one-bedroom and nine two-bedroom apartments, all recently updated within the last couple of years. Residents enjoy proximity to Cascades Park, Governor's Mall, Magnolia Drive, and a vibrant array of restaurants and shops. The property's strategic location within a mix of single-family homes and other multifamily buildings ensures a stable and desirable rental market. Further enhancing its appeal, the building boasts a new roof installed just two years ago, minimizing future maintenance concerns. The property is zoned OR-1, providing flexibility for future development or operational strategies. With its strong rental income potential and prime location, this well-maintained apartment complex represents a sound investment in a thriving Tallahassee neighborhood. The asking price for this turnkey operation is $2,300,000. This is a rare opportunity to acquire a well-positioned, income-generating asset in a highly sought-after area. Don't miss out on this chance to add a valuable property to your portfolio.

Highlights

  • $2,300,000 asking price for this 18-unit apartment building.
  • Multifamily property with 18 units, consisting of 9 one-bedroom and 9 two-bedroom apartments.
  • Located in Tallahassee, FL, in the Historic District, near Cascades Park and downtown amenities.
  • 1967 construction, two-story building, with a new roof (installed within the last two years).
  • Recently updated interiors in all units.
  • OR-1 zoning.

Property Details for 119 Cadiz St

Property type
Apartment buildings
Year Built
1967
Buildings
1
Stories
2
Units
18

Location Insight

City
Tallahassee
County
Leon
State
Florida
Latitude
30.4424168
Longitude
-84.2703976
119 Cadiz St, Tallahassee, Florida

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119 Cadiz St
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