$1,500,000

Multi Family In Tallahassee

  • 8,800 Sqft
  • Updated: October 13
  • Source:
    Capital Area Technology & REALTOR Services (Tallahassee Board of REALTORS)  MLS#404626

About the Property

**INVESTOR OPPORTUNITY!** Two all-brick buildings offering significant income potential in a convenient Tallahassee location. Previously operated as student housing, each building features 8 bedrooms and 8 bathrooms, providing a combined total of 16 rentable rooms across both properties. Currently vacant, offering investors the opportunity to establish their own leasing strategy and capture future
**INVESTOR OPPORTUNITY!** Two all-brick buildings offering significant income potential in a convenient Tallahassee location. Previously operated as student housing, each building features 8 bedrooms and 8 bathrooms, providing a combined total of 16 rentable rooms across both properties. Currently vacant, offering investors the opportunity to establish their own leasing strategy and capture future rental income. Inspections have been completed, and identified items are actively being addressed by the seller. **Seller offering a 7% cap-rate-based income incentive, structured to cover the first year of rental income, with an acceptable offer. Ideal for investors seeking a student-housing opportunity in Tallahassee. Buyer to verify all measurements, permitted use, rental potential, expenses, and investment projections.
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  • Property type

    Other

  • Year built

    2014

  • Price/sqft

    $170

Features

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601 Pope Street 1 & 2 (605 Pope St), Tallahassee, Florida, United States View on Google Maps
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The Naumann Group Real Estate - Tallahassee

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The Naumann Group Real Estate - Tallahassee
Florida, United States
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15
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2026
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The Naumann Group Real Estate - Tallahassee
Tallahassee, Florida, United States
View agency profile
Last updated
October 13
First listed
September 7
Listing reference
404626
Listing status
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