401 W Park Ave | Tallahassee, FL 32301
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
This Multifamily Property is no longer advertised on LoopNet.ca.
401 W Park Ave
Tallahassee, FL 32301
The Edge at 401 · Multifamily Property For Sale · 47 Units
Investment Highlights
- Incredible location within short walking distance of both Florida State University & Florida State Capitol
- 100% in-demand one-bedroom floorplans attracting diverse tenant base, including professionals and graduate students
- Concrete block construction
- All renovated units feature space-efficient dual-cycle washer/dryer appliances
- $350,000+ in 2020/2021 capital improvements following $500,000+ comprehensive 2018 exterior and interior renovation
- Significant upside remaining with 44% increase in Effective Gross Income achievable by Year 2
PROPERTY FACTS
No. Units | 47 | Building Size | 27,213 SF |
Property Type | Multifamily | Average Occupancy | 94% |
Property Subtype | Apartment | No. Stories | 3 |
Apartment Style | Low Rise | Year Built/Renovated | 1972/2000 |
Building Class | C | Parking Ratio | 2.94/1,000 SF |
Lot Size | 0.84 AC |
No. Units | 47 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.84 AC |
Building Size | 27,213 SF |
Average Occupancy | 94% |
No. Stories | 3 |
Year Built/Renovated | 1972/2000 |
Parking Ratio | 2.94/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Disposal
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Carpet
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Pool
- Property Manager on Site
- Cabana
- Furnished Units Available
- Grill
- Sundeck
- Walk To Campus
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 47 | - | 602 |
PROPERTY TAXES
Parcel Number | 21-36-80-001-700.2 | Improvements Assessment | $2,900,221 |
Land Assessment | $820,026 | Total Assessment | $3,720,247 |
PROPERTY TAXES
Parcel Number
21-36-80-001-700.2
Land Assessment
$820,026
Improvements Assessment
$2,900,221
Total Assessment
$3,720,247
zoning
Zoning Code | CC |
CC |
Listing ID: 24401545
Date on Market: 2021-11-01
Last Updated:
Address: 401 W Park Ave, Tallahassee, FL 32301
The Downtown Tallahassee Multifamily Property at 401 W Park Ave, Tallahassee, FL 32301 is no longer being advertised on LoopNet.ca. Contact the broker for information on availability.
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Thank you for your feedback.
Please Share Your Feedback
We welcome any feedback on how we can improve LoopNet to better serve your needs.X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.