| Bedrooms: | 0 beds |
| Bathrooms: | 0 baths |
| Commercial Sale: | 0 sqft |
| Lot: | 3.5 |
| Year Built: | -- |
| Listing Status: | Active |
Listing Agent
Kristina Dove (850) 706-0010
We cannot obtain a map view for this location. Please
See Google Maps for any possible street views and other mapping views.
We cannot obtain a street view for this location. Please
See Google Maps for any possible street views and other mapping views.
| Monthly Principal + Interest: | $ |
| Monthly tax: | $ |
| Total Payment: | $ |
These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.
Description
BIDDING HAS BEGUN! Presenting an unparalleled opportunity to acquire a 20-property portfolio in one of Tallahassee’s most dynamic and rapidly expanding neighborhoods. These exceptionally well-maintained single-family homes, ranging from 1,200 to 1,500 sq. ft., feature 3-bedroom layouts, some with garages, and all with private rear yards. With newer roofs and fully leased units, these properties offer immediate cash flow and extraordinary potential for long-term growth, making this portfolio an ideal investment for any serious real estate investor. Strategically located near Florida A&M University (FAMU), Florida State University (FSU), Tallahassee Community College (TCC), and Railroad Square, this portfolio is ideally situated to benefit from the city’s ongoing expansion. The area also enjoys substantial public investments in infrastructure, including the development of a new intermodal bus station and major road improvements, which are significantly enhancing connectivity and access. Additionally, state offices, the Florida State Capitol, and the Florida State Fairgrounds are just minutes away, reinforcing the area’s residential and commercial appeal. With rents currently below Section 8 rental limits, there is an immediate value-add opportunity to adjust rents in line with the newly updated Section 8 market rates, maximizing returns without requiring significant capital improvements; potentially resulting in a 9% or higher CAP RATE. This offers investors the chance to quickly increase income from the properties with minimal effort. This portfolio is a rare gem, offering prime location, exceptional property quality, and significant growth potential. With fully leased units, immediate income, and a market poised for long-term appreciation, this is truly a once-in-a-lifetime opportunity. Opportunities like this are few and far between – act quickly to secure your place in Tallahassee’s next real estate boom. **Projections of 9% CAP RATE reflect anticipated rental income at updated Section 8 rates, with the rent adjustments yet to be implemented to reach full market value!!!**Other Information
612696 Ridge Road, Tallahassee, FL, 32305 is a commercial sale listing of 0 sqft on a lot of 3.5. This commercial sale listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at
612696 Ridge Road, Tallahassee, FLListing offered by: EXP REALTY LLC - adminfl@exprealty.com - (888) 883-8509
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