119 Cadiz St Tallahassee, FL 32301

Property Details for 119 Cadiz St

Year built

1967

Property type

Apartment buildings

Description

This exceptional 18-unit apartment building presents a compelling investment opportunity in Tallahassee's desirable Historic District. Located at 119 Cadiz Street, just off E. Park Avenue, this two-story, 1967-built property offers a blend of convenience and charm. The building comprises nine one-bedroom and nine two-bedroom apartments, all recently updated within the last couple of years. Residents enjoy proximity to Cascades Park, Governor's Mall, Magnolia Drive, and a vibrant array of restaurants and shops. The property's strategic location within a mix of single-family homes and other multifamily buildings ensures a stable and desirable rental market. Further enhancing its appeal, the building boasts a new roof installed just two years ago, minimizing future maintenance concerns. The property is zoned OR-1, providing flexibility for future development or operational strategies. With its strong rental income potential and prime location, this well-maintained apartment complex represents a sound investment in a thriving Tallahassee neighborhood. The asking price for this turnkey operation is $2,300,000. This is a rare opportunity to acquire a well-positioned, income-generating asset in a highly sought-after area. Don't miss out on this chance to add a valuable property to your portfolio.