Multi-Family•Low-Rise/Garden•For Sale

La Mediterranean

119 Cadiz St, Tallahassee, Florida 32301

Sale Price $1,775,000
Zoning OR-1
Year Built 1967
Year Renovated 2017
Stories 2
Gross Bldg 14,278 SqFt
Land Area .39 Acres
Project Size 18
This is a stabilized asset with potential to raise rents in some units. The apartments are also divided into condominiums with the potential to sale individually. La Mediterranean is located in the heart of Tallahassee just minutes from Downtown and blocks away from major retail including a New Leaf Grocery, Starbucks, Best Buy, World Market, Chipotle, Mission BBQ and many more. Both the location and unit mix makes these apartments perfect for young professionals or graduate level FSU students. Located between E Tennessee St and Park Ave 3 minutes from downtown.
  • 18-Unit Apartment/Condominium Building For Sale
  • All Units Have Washers and Dryers
  • Favorable Unit Mix | Ten 2 BR 1 BA, Eight 1 BR 1 BA
  • Recently Renovated and Leasing at Market Rates
  • Stable Cash Flow w/ Minimal Risk Due to Location
  • Centrally Located 3 min from Downtown Just Off Park Ave
8/5/2019 9:04:58 PM 8/8/2019 6:41:23 PM

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