445 Conradi St., Talllahassee, Fl, 32304

Description:

445 Conradi St Tallahassee, FL 32304 - Investment Opportunity Discover the investment potential at 445 Conradi St in Tallahassee, FL! Presenting a lucrative opportunity with a prime 62-unit apartment building undergoing renovations and poised for growth. This property boasts a convenient location just one block away from the University of Florida Medicine, promising student housing potential. Built in 1968, this spacious property sits on 1.33 acres and has a solid financial snapshot with a Total Income of $831,600 and Net Operating Income (NOI) of $699,600. With $16,000,000 as the asking price, there is substantial room for upward growth and value enhancement through further renovations and development strategies. Tallahassee's thriving real estate market offers a strong job market and educational opportunities, ensuring long-term appreciation. Don't miss out on this exciting opportunity to invest in a property with a prime location, strong financials, renovation upside, and development potential! Contact us at Coldwell Banker Commercial AMH for more information.

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Listing ID: c872b02a-1011-4ab8-b2e7-1aed6e62139e