$5,000,000

524 W Tharpe Street

Tallahassee FL, 32303

Description

Georgetown Apartments is a 60-unit pool community located near mid-town on the north side of Tallahassee walking distance to Northwood Shopping Centre, Publix, and Lake Ella. It is across the street from Raa Middle and Ruediger Elementary Schools. This is a market rate professional community built in 1968 of brick and frame construction on 3.56 +/- acres. It has been owned by the seller since 1994. The owner has invested significant capital by replacing the roofs (2007), awnings, landscaping, asphalt, plumbing, and upgraded the pool house. The units do not currently have washer/dryer hook ups. There is a laundry facility on site. The owner self manages so buyer will need to secure their own management. Broker can make recommendations. Tenant pays electric, landlord pays water & sewer. The zoning allows for up to 45 units/acre for future development (160 units for this site).

Details

MLS#427837
Sub-TypeResale
StatusActive
Year1968
Days On Site29

Features

SQ Feet63,258
Units60

Loading Form

Loading Form

Area Information

StateFL
CountyLeon
CityTallahassee
Zip Code32303
AreaLeon
Listing VS Median (in 32303)
Price:
$5,000,000
low | high
Med:
$5,000,000
50% of Average
SqFt:
63,258
low | high
Med:
63,258
50% of Average
$ / SqFt:
$79
low | high
Med:
$79
50% of Average
On Site:
29
low | high
Med:
29
100% of Average
Listing Updated: 09/17/2019
The information provide by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Some properties which appear for sale on this site may no longer be available because they are sold, under contract, or no longer being offered for sale. All information provided is deemed reliable but not guaranteed.