Contacts
SP Multifamily Group, Marcus & Millichap
SP Multifamily Group, Marcus & Millichap
SP Multifamily Group, Marcus & Millichap
Property Details
- Property Type Other
- Date Updated Apr 2, 2025
Inverness Apartments - Investment Opportunity
SP Multifamily Group of Marcus & Millichap invites qualified investors to review Inverness Apartments, a 66-unit multifamily property located in Tallahassee, FL. This property is available for purchase on a free and clear basis to qualified investors.
Communication
All inquiries and requests should be directed to the deal team contacts listed below. To avoid disruption to the property's operations, please do not contact on-site management, residents, or any other personnel at the property.
Property Tours
Marcus & Millichap representatives will accompany you on property tours. All tours require a minimum of 48-hour advance notice and are subject to availability. Please coordinate all tours with a member of the deal team.
Underwriting & Due Diligence
Prospective purchasers are advised to conduct their own underwriting and due diligence prior to submitting an offer. Please contact a deal team member for questions regarding underwriting assumptions, comparables, expenses, and historical financial information.
Offer Submission
Please direct offers to all team members listed on this page. See the Offering Memorandum for more detail.
Reach out to the broker for more info on lease terms and amenities
Highlights
- 66 - Unit Multifamily Asset Located in the Heart of Tallahassee, with Proximity to Local Attractions & Amenities
- Unit Mix Consists of One - Bedroom/One - Bathroom, Two - Bedroom /One - Bathrooms, Two - Bedroom/Two - Bathrooms, and Three - Bedroom/Two - Bathroom Units, with the Majority of the Units Being Two and Three - Bedrooms.
- After Completing a Physical Interior & Exterior Renovation Plan, Upside is Available Through Rental Increases Based on Market Comparables in The Immediate Area
- On Average, The Propertys Rents Are Below The Rent Comparables For The Area By $300+/Unit/Month.
- Located Within 2.5 - Miles of Florida State University, Tallahassee State College, Monroe Street Retail Corridor, Tennessee Street Retail Corridor and More
Getting around
-
23/100
Walk Score ®
-
38/100
Transit Score ®
-
50/100
Bike Score ®
Location
- City Tallahassee, FL
- Neighborhood Frenchtown
- Zip Code 32304
- Market Tallahassee
Points of Interest
-
Exxon
0.46 miles
-
Shell
0.85 miles
-
Marathon
0.97 miles
-
Gulf
1.16 miles
-
Arco
1.20 miles
-
Tesla Supercharger
1.25 miles
-
Chevron
1.30 miles
-
Sunoco
1.37 miles
-
ChargePoint
1.89 miles
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Clipper Creek
2.37 miles
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Stadium Green Lot
1.20 miles
-
Parking Garage #3
1.40 miles
-
Tully Gym East
1.58 miles
-
Woodward Avenue Garage
1.60 miles
-
South Circus
1.74 miles
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Traditions Way Garage
1.80 miles
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West Pensacola Street Garage
1.89 miles
-
Lot 341
1.92 miles
-
FSU Commuter Parking
2.00 miles
-
Call Street Garage
2.09 miles
-
Budget Inn
1.05 miles
-
Days Inn by WyndhamTallahassee University Center
1.10 miles
-
Holiday Inn Express Tallahassee-University Central
1.14 miles
-
Cactus Motel
1.15 miles
-
Red Roof Inn Tallahassee
1.58 miles
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Days Inn & Suites by Wyndham Tallahassee Conference Center I-10
1.59 miles
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Motel 6 Tallahassee West
1.67 miles
-
Howard Johnson Express Inn - Tallahassee
1.68 miles
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Clarion Pointe
1.70 miles
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Holiday Inn & Suites Tallahassee Conference Center N
1.71 miles
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Target
0.88 miles
-
Publix
0.97 miles
-
New Seoul Oriental Market
1.12 miles
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ALDI
1.22 miles
-
Ross
1.93 miles
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Walmart Supercenter
2.02 miles
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Centre of Tallahassee
2.07 miles
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Belk
2.21 miles
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Bealls
2.27 miles
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What's The Point? Piercing Studio
2.44 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
