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524 W Tharpe ST Tallahassee, FL 32303
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Key Details
Sold Price $4,200,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 63,258 sqft
Price per Sqft $66
Subdivision Not In Subdivision
MLS Listing ID GC427837
Sold Date 12/19/19
HOA Y/N No
Year Built 1968
Annual Tax Amount $25,837
Property Sub-Type Multi-Family
Source Gainesville-Alachua
Descripción de la propiedad
Georgetown Apartments is a 60-unit pool community located near mid-town on the north side of Tallahassee walking distance to Northwood Shopping Centre, Publix, and Lake Ella. It is across the street from Raa Middle and Ruediger Elementary Schools. This is a market rate professional community built in 1968 of brick and frame construction on 3.56 +/- acres. It has been owned by the seller since 1994. The owner has invested significant capital by replacing the roofs (2007), awnings, landscaping, asphalt, plumbing, and upgraded the pool house. The units do not currently have washer/dryer hook ups. There is a laundry facility on site. The owner self manages so buyer will need to secure their own management. Broker can make recommendations. Tenant pays electric, landlord pays water & sewer. The zoning allows for up to 45 units/acre for future development (160 units for this site).
Location
State FL
County Leon
Community Not In Subdivision
Area 32303 - Tallahassee
Others
Acceptable Financing Conventional
Membership Fee Required None
Listing Terms Conventional
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