25
See all 24 photos
$1,998,000
Est. payment /mo
5,800 SqFt
New
643 Kissimmee Street #1-8 Tallahassee, FL 32310
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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. Contact listing agent for the complete Offering Memorandum and digital media package. 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
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Listed by Vacant Solutions LLC
NEARBY SCHOOL & BUSINESS
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