601 Pope Street, Unit 1
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.
Broker Details
The Naumann Group Real Estate, Inc. (850) 933-0328
MLS ID: 15727 State License Number: 3643008
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,500,000 |
| No. of Units: | 4 |
| Year Built: | 2014 |
| Opportunity Zone: | No |
| Price per unit: | $375,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 16 |
| Number of Bathrooms: | 16 |
ID: 3yd-TBRFL-404626
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