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Wallisa Cobb

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

$ 1,998,000

Est. payment | -/mo

5,800 SqFt

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$ 1,998,000

Est. payment | -/mo

Save Virtual Tour

5,800 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,800 sqft

Price per Sqft $344

Subdivision Normal School

MLS Listing ID 400012

Construction Status Concrete Block,Floor - Concrete

Lot Size 0.370 Acres

Property Sub-Type Multi Family

Property Description

643 Kissimmee Street | 8-Unit Boutique Multifamily | Tallahassee, FL Vacant Solutions is proud to present Ashoka, a fully renovated 8-unit boutique multifamily asset located at 643 Kissimmee Street in Tallahassee, Florida. This is a true down-to-the-studs renovation with zero deferred maintenance and no projected near-term capital expenditures - ideal for a passive, long-term hold. Each of the 8 fully furnished units features 2 bedrooms and 1 bath with modern finishes including quartz countertops, stainless steel appliances, LVP flooring, in-unit washer/dryers, and individually metered utilities. The property also features brand-new: low-slope roof, HVAC, plumbing, electrical systems and more. Positioned in Tallahassee's high-velocity university corridor, Ashoka offers unmatched proximity to Florida A&M University, Florida State University, CollegeTown, Railroad Square, and Downtown Tallahassee - premier drivers of consistent residential rental demand. Currently undergoing lease up; projected rents of $1,595/unit support a projected annual gross scheduled rent of approximately $153,120 at full stabilization. An ideal acquisition for 1031 exchange buyers or private portfolios seeking turnkey, optimized yield in a premier student housing market. Offering Memorandum and digital media package available upon request. All financial projections, rents, expenses, and operating assumptions are subject to buyer verification and due diligence.

Location

State FL

County Leon

Area Leon

Interior

Heating Central Individual

Cooling Central Individual, Fans - Ceiling

Exterior

Parking Features 16

Building

Construction Status Concrete Block,Floor - Concrete

Others

Acceptable Financing Cash, Conventional, Exchange, Other

Listing Terms Cash, Conventional, Exchange, Other

Virtual Tour https://my.matterport.com/show/?m=Kb17rsKypef

Listed by Vacant Solutions 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

643 Kissimmee Street #1-8 Tallahassee, FL 32310

Wallisa Cobb

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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643 Kissimmee Street #1-8