601 Pope Street #1 & 2 (605 Pope St), Tallahassee, FL 32304
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601 Pope Street #1 & 2 (605 Pope St), Tallahassee, FL 32304
601 Pope Street #1 & 2 (605 Pope St), Tallahassee, FL 32304
601 Pope Street #1 & 2 (605 Pope St), Tallahassee, FL 32304
601 Pope Street #1 & 2 (605 Pope St), Tallahassee, FL 32304
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James Precourt

James Precourt

+1(850) 597-2060
$ 1,500,000
Est. payment /mo
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601 Pope Street #1 & 2 (605 Pope St) Tallahassee, FL 32304

16 Beds

16 Baths

8,800 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,800 sqft

Price per Sqft $170

Subdivision Saxon

MLS Listing ID 404626

Bedrooms 16

Full Baths 16

Construction Status Brick 4 Sides

Year Built 2014

Lot Dimensions 50x100x50x100

Property Sub-Type Multi-Family

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.

Location

State FL

County Leon

Area Leon

Rooms

Other Rooms Pantry, Utility Room - Inside, Walk in Closet

Interior

Heating Central

Cooling Central

Flooring Laminate

Equipment Dishwasher, Fire Alarm, Microwave, Range, Refrig/Icemaker, Smoke Detector, Wash/Dry All

Exterior

Parking Features Area - Unassigned

Private Pool No

Building

Lot Description Family Room/Dining Room, Kitchen with Bar

Story Story - Two plus, Unit - Ground Floor, Unit - Upstairs

Level or Stories Story - Two plus, Unit - Ground Floor, Unit - Upstairs

Construction Status Brick 4 Sides

Schools

Elementary Schools Riley

Middle Schools Griffin

High Schools Leon

Others

SqFt Source Tax

Miscellaneous Fencing - Partial,Patio - Common

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Listed by The Naumann Group Real Estate

Nearby Locations

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James Precourt

+1(850) 597-2060

teamevolutionrealty@gmail.com

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601 Pope Street #1 & 2 (605 Pope St)