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Dior Apartments 132 Dixie Dr 34 Unit Apartment Building For Sale 7.24% 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.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Building Class | B |
| Cap Rate | 7.24% | Lot Size | 2.12 AC |
| Gross Rent Multiplier | 9.3 | Building Size | 34,000 SF |
| No. Units | 34 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1999/2023 |
| Apartment Style | Garden | ||
| Zoning | UT | ||
| Sale Type | Investment |
| Cap Rate | 7.24% |
| Gross Rent Multiplier | 9.3 |
| 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 |
| Average Occupancy | 95% |
| 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
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 34 | $1,857 CAD | 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 | Total Assessment | $3,833,525 CAD |
| Land Assessment | $403,779 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $3,429,746 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
21-27-50-00C-012.0
Land Assessment
$403,779 CAD
Improvements Assessment
$3,429,746 CAD
Total Assessment
$3,833,525 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Dior Apartments | 132 Dixie Dr
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