Courtesy of , Thomas Lynne Realty Group, LLC
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.
Open House
Property Details and Features
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Appliances & Equipment
- Dishwasher
- Microwave
- Range
- Refrigerator
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Building
- Architectural style: OneStory
- Construction materials: Block,Concrete,Stucco
- 1
- Toal building area: 4782
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Cooling
- CentralAir
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Floors
- Laminate
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Heating
- Central
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Interior Features
- WalkInClosets
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Listing
- Listing ID: 397249
- Standard status: Active
- 1 day on market
- 7 toal units
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Location
- Subdivision name: Morrill Heights
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Parking
- Assigned
- ParkingSpaces
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Possession
- CloseOfEscrow
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Schools
- Elementary school: BOND
- Middleorjuniorschool: NIMS
- High school: LEON