Tallahassee, FL 32303,524 W Tharpe ST
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Tallahassee, FL 32303,524 W Tharpe ST
Tallahassee, FL 32303,524 W Tharpe ST
Tallahassee, FL 32303,524 W Tharpe ST
Tallahassee, FL 32303,524 W Tharpe ST

$4,200,000

Est. payment /mo

$5,000,000

16.0%
Est.Price: ?

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524 W Tharpe ST Tallahassee, FL 32303

63,258 SqFt

SOLD DATE : 12/19/2019

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 Description

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

Others

Acceptable Financing Conventional

Membership Fee Required None

Listing Terms Conventional

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Stellar MLS
Listed by Coldwell Banker M.M. Parrish Realtors
Bought with Out Of Area Firm (See Remarks)

Edward Gibbs

Agent | License ID: 3499381

+1(813) 785-4002

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