Situated in Tallahassee FL, Tally Square is a 228-unit multi-family property. Amenities include two resort-style swimming pools, sundeck, clubhouse, business center, fitness center,dog park and picnic area. Tally Square has below market rents on its apartments. The rents are currently 20% below market rents and the upside is to renovate apartments and raise the rents to market levels. The property offers investors a unique opportunity to get in at a low basis with upside.

Purchase Price: $31,541,850 (June 2023)
Total Equity: $11,424,500
Initial Annual Yield: 7.6%