120 Valencia Drive, Tallahassee, FL

24 Units

120 Valencia Drive, Tallahassee, FL

Challenge:

Sellers had a decent 24 unit property in a good location but the property needed new roofs, drainage repairs, radon mitigation, and 2 units had mold issues. The sellers preferred to market the property without making the improvements. They felt they needed an unconventional approach and turned to The Beery Rainsberger Group (BRG), despite two family members also being real estate brokers.

Action Taken:

BRG knew they needed a special buyer who was savvy, not scared, and experienced enough to get comfortable enough to close. BRG worked hard to get a firm handle on the hard costs of making the improvements and were up front with buyers.

Result:

It took personally contacting dozens of potential buyers before BRG found a smart, experienced, out-of-town investor who was actively looking for properties in Tallahassee. He had no problem making the repairs and was excited to get a solid market rate property. Post closing, the buyer is being rewarded for his improvements with very healthy rental increases and solid occupancy.

Testimonial:

Beau, you have been absolutely great to work with. Paul and I felt, even though we are both Real Estate Brokers, and both of our children sell real estate, that you earned and deserved to be the prevailing Real Estate Agent. We are very happy that you were successful in making the sale of 'our apartments' happen. You have been very professional and showed to us constantly your knowledge and understanding of the sale and transaction to all parties. We wish you the very best in the future and would be happy to recommend you to anyone considering buying or selling real estate investment properties. Thank you and we would love to shake your hand when you come to Seminole Country.

--Paul and Betty Cureton