643 Kissimmee Street 1-8 Tallahassee, FL 32310

Other MLS #: 400012 Courtesy Of Vacant Solutions LLC

Property InformationDescription

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.

Features

  • Amenities: Ceiling Fan
  • Amenities: Security System
  • Building Units: 8
  • Cooling System: Ceiling Fan(s)
  • Cooling System: Central Air
  • Exterior Type: Concrete
  • Exterior Type: Block
  • Floor Covering: Concrete
  • Heating System: Central
  • MLSID: 400012
  • Parking Spaces: 16

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643 Kissimmee Street 1-8, Tallahassee, FL 32310
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