Multifamily Investment
723 Efferson St Tallahassee, FL 32303
723 Efferson St, Tallahassee, FL, 32303
Contact for pricing
For Sale
Contact for pricing
Portfolio of 13 units in Tallahassee, Florida.
Property Size12,614 SF
Price / SF$133.98
Days on Market134
Property Features for 723 Efferson St
General Information
- Standard status
- Active
- Size
- 12,614 SF
- Property subtype
- Multifamily
Listing Agency
Coldwell Banker Commercial Hartung
Listed by
Chip Hartung · License #FL
Source
Crexi
Added: Mar 5 Checked: Jul 16 at 9:19 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Hartung
Investment Insights
Based on property information with market context.
A portfolio of 12 properties comprising 13 units is available for purchase. The properties include a mix of townhomes, duplexes, and single-family detached homes. The properties are offered together only. The total property size is 12614 square feet. Owner financing is available. The rent roll is available upon request.
Key Highlights
- Total of 13 units across 12 properties.
- Offered at $137,000 per door.
- Mix of townhomes, duplex, and SFD homes.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $227.1k | $18.00 |
| − Vacancy | −$18.2k | −$1.44 |
| EGI | $208.9k | $16.56 |
| − OpEx | −$94.0k | −$7.45 |
| NOI | $114.9k | $9.11 |
12,614 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.44M – $1.91M
NOI $114,888 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.09M
$2.71M – $3.61M
NOI $216,468 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Portfolio of 13 units in Tallahassee, Florida.
Where is this multifamily property located?
The property is located at 723 Efferson St Tallahassee, FL.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Total of 13 units across 12 properties.; Offered at $137,000 per door.; Mix of townhomes, duplex, and SFD homes.
