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$1,900,000
Est. payment /mo
9,262 SqFt
UPDATED:
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
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Listed by Thomas Lynne Realty Group, LLC
Nearby Locations
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