524 W Tharpe St., Tallahassee, FL 32303

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).