601 Pope Street 1 & 2 (605 Pope St)Tallahassee, FL 32304
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
**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.
| 2 weeks ago | Listing updated with changes from the MLS | |
| 3 weeks ago | Status changed to Active | |
| 2 months ago | Listing first seen on site |
This information is deemed reliable, but not guaranteed. PARTICIPANT'S ASSOCIATES AND SUBSCRIBERS ONLY AND IS NOT INTENDED FOR USAGE BY THE PUBLIC. UNDER NO CIRCUMSTANCES SHOULD THE INFORMATION CONTAINED HEREIN BE RELIED UPON BY ANY PERSON IN MAKING A DECISION OF PURCHASE. Copyright Capital Area Technology & REALTOR Services, Inc. All rights reserved.
Last checked 2026-11-02 01:40 AM EST
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.