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(850) 926-5084
Real Estate Company
601 Pope Street Unit 1 & 2 (605 Pope St), Tallahassee, FL 32304
- $1,500,000
- List Price
- $1,500,000
- Status
- ACTIVE
- MLS#
- 404626
- Year Built
- 2014
- Construction
- Brick
- County
- Leon
- Subdivision
- Saxon
Property Description
**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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Additional Information
- Heating
- Central
- Cooling
- Central Air
- Equipment
- Dryer, Dishwasher, Microwave, Range, Refrigerator, Refrigerator with Ice Maker, Washer
- Floors
- Laminate
- Exterior
- Two Story
- Garage
- Unassigned
- Parking
- Unassigned
- Elementary School
- RILEY
- Middle School
- GRIFFIN
- High School
- LEON
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Listing courtesy of The Naumann Group Real Estate.