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Wallisa Cobb

wallisa@cobbrealtyhomes.com +1(850) 321-1008

$ 1,900,000

Est. payment | -/mo

9,262 SqFt

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$ 1,900,000

Est. payment | -/mo

Save

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 SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(850) 321-1008

wallisa@cobbrealtyhomes.com

2901 E Park Avenue, Unit 2700, Tallahassee, Florida 32301, United States

1533 S Bronough Street #A-F Tallahassee, FL 32301

Wallisa Cobb

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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1533 S Bronough Street #A-F