Dior Townhomes

Highlights

• All Units Have Full Size In-Unit Wash/Dryer Appliances and Connections
• Built in 1999, the Property Features (34) 2x2.5 Townhome Units with 1,000 Rentable SqFt
• Eleven (11) Units Have Been Fully Renovated Since 2023, Leaving an Investor the Opportunity to Continue Renovations on the Remaining Twenty-Three (23) Standard Units
• In-Place Rents Average 14% Below The Average of The Rent Comparables, Leaving Room For Upside By Setting New Rents To Be In-Line With Nearby Properties
• Near-Term Opportunity to Increase the Average Rent by $190+/month, Resulting in Top-Line Annual Revenue Growth of $79,000+
• Operational Value-Add Potential By Changing Management Companies To A Third-Party Company With An Existing Presence And Personnel In The Market. Contact A Listing Agent To Inquire About Potential Management Options
• Thirty-Four (34) Unit Townhome Community Located in Tallahassee, The State Capital of Florida
• Unit Amenities Include Stainless Steel Appliances, Quartz Countertops, Sleek Wood-Grain Cabinets, Extended Breakfast Bars, Vinyl Plank Flooring on The First Floor, Upgraded Light Fixtures, New Bathroom Vanities & Toilets, and More

Location

Located at 132 Dixie Drive, Tallahassee, FL 32304, this property is part of the Bloxham Terrace neighborhood and Tallahassee market.