Address: 2614 W Tennessee St, Tallahassee, FL 32304, USA
Created date: February 26, 2025
Date last updated: February 26, 2025
Property Description
Low-Cost Provider with Significant Value-Add Upside : West 10 Apartments is currently renting at a notable discount compared to newer properties within the College Town, West Campus, and North Campus submarkets; Newmark estimates that investing around $3,180,000 (~$11,003 per unit) to complete the remaining value-add program for both individual units and community amenities could generate a blended premium of $68 per bed, increasing NOI by approximately $637,440, while still maintaining affordability relative to the broader market