Listed by Volare Real Estate Company
$935,000
FSU Quadruplex Stabilized
Details
APN 212690 C0050
Property Type Multifamily
Sub Type Student Housing
Square Footage 6,320
Net Rentable (SqFt) 6,320
Units 4
Beds 12
Cap Rate 6.95%
NOI $65,000
Occupancy 100%
Pro-Forma Cap Rate 7.49%
Pro-Forma NOI $70,000
Price per SqFt $148
Broker Co-Op No
Class A
Year Built 2007
Year Renovated 2020
Buildings 1
Stories 2
Acreage 0.210
Zoning University Transition
Parking Spaces 12 per key
Investment Type Stabilized
Occupancy Date 08/15/2023
Ownership Related to Broker
Sale Condition For sale by owner
Stabilized Student Housing Steps from Florida State University
Marketing description
Fully Remodeled in 2021, (4) Three Bedroom Three Bathroom Quadruplex. All units are fully renovated with new HVACs, appliances, cabinets, fixtures, and more. Walking distance less than 0.5 Miles from Florida State University. Additionally, within walking distance to W. Tennessee St, home to national retailers including Taco Bell, Chick-fil-A, Whataburger, Target, CVS, and more! All units are fully occupied and pre-leased for next year. Next Year Gross Rent of $7,200/month! Buyers can terminate leases with 30 days' notice, market rents at 700/bed or 2100/unit.
Listing Contacts
Listed by Volare Real Estate Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$65,000.00
$5,416.67/mo
Valuation Metrics
0
DSCR
6.95%
Cap Rate
6.95%
ROI
Map
Zoning
CU-18 SpecialCentral Urban 18
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View all 26 uses
View all 26 uses Last updated Apr 12, 2026 For deeper zoning details, reports are available at Zoneomics
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