Eight Thirty Three East Park 833 E Park Ave 8 Unit Apartment Building $1,465,716 CAD ($183,215 CAD/Unit) 6.28% Cap Rate Tallahassee, FL 32301

Colliers is pleased to present Eight Thirty Three East Park, an 8-unit apartment building located in Tallahassee, Florida—the state capital. The property comprises three separate buildings on a 0.72- acre lot. Two of the buildings feature spacious 2-bedroom, 2-bath apartments, while the third is leased as commercial office space to local businesses. The buildings include modern interior upgrades such as LVP flooring, granite countertops, and stainless-steel appliances. The property is currently 100% occupied and has a strong rental history.
Eight Thirty Three East Park is close to several demand drivers, including Florida State University, Florida A&M University, Capitol Hill, and Tallahassee Memorial Hospital. It also offers convenient access to popular shopping and entertainment destinations such as Downtown Tallahassee, Governor’s Square Mall, and Cascades Park. New ownership will benefit from a prime location within Tallahassee’s historic College Park neighborhood and the opportunity to increase NOI by approximately 17% through new leases and renewals.