Cottages At Magnolia
SAR Apartment Capital, LLC
PROPERTY DETAILS
Miami, FL – Today Abiel Ballesteros, SAR Apartment Capital, and multifamily investor Elvis Mons, are proud to announce the acquisition of a 108 residential property in Tallahassee, Fl for $4,170.000 US dollars, at $77,222.00 per door with average per-unit rents of US $950.00.
OVERVIEW
SAR Apartment Capital identified an opportunity to double the unit count to 108 apartments by converting the oversized 4 bedroom/ 4 bathroom apartments into smaller, yet sizeable models.
APARTMENT FEATURES
Our development plan calls for these 4/4 units with 1,590 sq. ft to be remodeled into two units of 1-bedroom/ 1-bathroom; and 2-bedrooms / 2-bathroom units, thus creating a value-add opportunity through operational and physical upside by adding full-time in-house maintenance and property management.
