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Dior Apartments 132 Dixie Dr 34 Unit Apartment Building For Sale 7.25% Cap Rate Tallahassee, FL 32304
Investment Highlights
- Thirty-Four (34) Unit Townhome Community Located in Tallahassee, The State Capital of Florida
- Eleven (11) Units Have Been Fully Renovated Since 2023, Leaving an Investor the Opportunity to Continue Renovations on the Remaining Twenty-Three (23)
- All Units Have Full Size In-Unit Wash/Dryer Appliances and Connections
- Built in 1999, the Property Features (34) 2x2.5 Townhome Units with 1,000 Rentable SqFt
- Unit Amenities Include Stainless Steel Appliances, Quartz Countertops, Sleek Wood-Grain Cabinets, Extended Breakfast Bars, Vinyl Plank Flooring
- In-Place Rents Average 14% Below The Average of The Rent Comparables, Leaving Room For Upside By Setting New Rents To Be In-Line With The Market
Executive Summary
SP Multifamily Group of Marcus & Millichap is pleased to offer Dior Townhomes to qualified investors. Built in 1999, the Property Features (34) 2x1.5 Townhome Units with 1,000 Rentable SqFt. Use the below link to download the Offering Memorandum and Financials for Dior Townhomes.
Data Room Click Here to Access
Property Facts
| Sale Type | Investment | Building Class | B |
| Cap Rate | 7.25% | Lot Size | 2.12 AC |
| No. Units | 34 | Building Size | 34,000 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1999/2023 |
| Apartment Style | Garden | ||
| Zoning | UT | ||
| Sale Type | Investment |
| Cap Rate | 7.25% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.12 AC |
| Building Size | 34,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1999/2023 |
| Zoning | UT |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Pantry
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 34 | - | 1,000 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 21-27-50-00C-012.0 | Improvements Assessment | $3,368,965 CAD |
| Land Assessment | $396,624 CAD | Total Assessment | $3,765,588 CAD |
Property Taxes
Parcel Number
21-27-50-00C-012.0
Land Assessment
$396,624 CAD
Improvements Assessment
$3,368,965 CAD
Total Assessment
$3,765,588 CAD
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Dior Apartments | 132 Dixie Dr
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