Property Details
- Time to Build
- N/a
- State
- fl
- County
- leon
- City
- TALLAHASSEE
- GPS
- 30.4718°, -84.2849°
- Curent Zoning
- commercial (OR-3 - Office Residential / The OR-3 district is intended to be located within areas designated Suburban on the Future Land Use Map of the Comprehensive Plan in areas where employment and residential uses are encouraged to locate in close proximity to each other. The provisions of this district are intended to promote urban density and intensity of residential and office uses and the mixing of permitted uses to promote the use of public transit and the efficient use of public infrastructure. Offstreet parking facilities in the OR-3 district shall be located and designed to promote convenient access to pedestrian and mass transit facilities. A variety of housing types, compatible non-retail activities of moderate intensity, retail commercial activities (limited to the ground floor), and certain community and recreational facilities related to office or residential uses are permitted in the OR-3 district. The maximum gross density allowed for new residential development in the OR-3 district is 20 dwelling units per acre, while the minimum gross density allowed is 8 dwelling units per acre, unless constraints of concurrency or preservation and/or conservation features preclude t
- General Elevation
- 178
- Taxes
- $6393.78
- Conveyance
- warranty deed
- Sewer
- City of Tallahassee Utilities NEEDS FURTHER VERIFICATION WITH ANNE AT 8508917064
- Parcel Size (in acres)
- 4.04
- Zip
- 32303
- Title Info
- CRE WOODCREST LLC
- Access
- paved road
- Terrain
- flat
- HOA Fees
- na
- Power
- City of Tallahassee Utilities NEEDS FURTHER VERIFICATION WITH ANNE AT 8508917064
- Water
- City of Tallahassee Utilities NEEDS FURTHER VERIFICATION WITH ANNE AT 8508917064
- Phone
- City of Tallahassee Utilities NEEDS FURTHER VERIFICATION WITH ANNE AT 8508917064
Transaction Details
| Total Transaction Purchase Price (including closing costs): | $93500 |
| Anticipated Sale Price: | $187000 |
| Anticipated Transaction Completion Time (cash in to cash out for equity partner): | 90 days to 120 days |
| Escrow or Notary Acquisition? | Escrow |
| Escrow or Notary Sale? | Escrow |
| Percent of Funding from Partner Required: | 100% |
| Equity Partner Profit Split: | 50/50% |
| Anticipated Budget: | $187k - 90k - 3.5k closing costs = 93.5k profit / 2 = 46.75k for each |
