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Tallahassee - 5 Unit Multifamily Investment 2282 Del Carmel Way 5 Unit Apartment Building $1,447,876 CAD ($289,575 CAD/Unit) 5.73% Cap Rate Tallahassee, FL 32303
INVESTMENT HIGHLIGHTS
- Strategic location just 4.8 miles from Florida State University and 5 miles from Florida State Capitol
- Newly constructed in 2023 with developer adding 13 modern buildings
- Strong investment appeal with 100% occupancy and minimal upkeep costs
- Ideal for family and student housing with five separate parcels included
- Fully upgraded and designed for low maintenance
EXECUTIVE SUMMARY
Investment opportunity of multifamily condos at 2282, 2286, 2284, 2288, and 2264 Del Carmel Way. Newly constructed in 2023 with 13 additional buildings added to Mission Overlook, this collection spans five separate parcels and features fully upgraded, low-maintenance designs. Currently 100% occupied, delivering immediate income stability and strong rental demand, ideal for family and student housing. Located just 4.8 miles from Florida State University and 5 miles from the State Capitol, the properties benefit from a prime position near major education and government hubs. Offered as a complete package for $1,050,000 with a 5.73% cap rate.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $1,447,876 CAD | Property Subtype | Apartment |
| Price Per Unit | $289,575 CAD | Building Class | A |
| Sale Type | Investment | Lot Size | 4.81 AC |
| Cap Rate | 5.73% | Building Size | 6,250 SF |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 2 |
| No. Units | 5 | Year Built | 2023 |
| Property Type | Multifamily | ||
| Zoning | MR-1 - 0900 - Residential Common Elements/Areas | ||
| Price | $1,447,876 CAD |
| Price Per Unit | $289,575 CAD |
| Sale Type | Investment |
| Cap Rate | 5.73% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | A |
| Lot Size | 4.81 AC |
| Building Size | 6,250 SF |
| No. Stories | 2 |
| Year Built | 2023 |
| Zoning | MR-1 - 0900 - Residential Common Elements/Areas |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Clubhouse
- Grill
- Smoke Free
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Tallahassee - 5 Unit Multifamily Investment | 2282 Del Carmel Way
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