REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,900,000
Est. payment | /mo
9,262 SqFt
$ 1,900,000
Est. payment | /mo
9,262 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,262 sqft
Price per Sqft $205
Subdivision Morrill Heights
MLS Listing ID 397277
Construction Status Concrete Block,Roof - Built-Up
Lot Size 6,534 Sqft
Property Sub-Type Multi Family
Property Description
Excellent investment opportunity with this 13-unit student housing apartment complex ideally located near Florida A&M University (FAMU) in Tallahassee. The property consists of two buildings being sold together—one featuring 7 units and the second featuring 6 units. The unit mix includes twelve 2-bedroom/1-bath units (approximately 750 sq. ft.) and one 1-bedroom/1-bath unit (approximately 600 sq. ft.). Twelve of the thirteen units are currently leased, providing immediate income with only one 2/1 unit available for lease. Both two-story buildings have been renovated and offer onsite laundry facilities. The property's prime location places residents just minutes from Florida A&M University, Downtown Tallahassee, and Governor's Square Mall, making it highly desirable for student renters. Strong rental demand, a proven occupancy history, and proximity to major employment, retail, and campus destinations make this a compelling turnkey investment opportunity.
Location
State FL
County Leon
Area Leon
Interior
Heating Central Individual
Cooling Central Individual
Exterior
Road Frontage Paved
Building
Construction Status Concrete Block,Roof - Built-Up
Others
SqFt Source Tax
Acceptable Financing Cash, Conventional, Private
Listing Terms Cash, Conventional, Private
Listed by Thomas Lynne Realty Group, LLC
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "