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32045515
32045513

803 West Georgia Street, Tallahassee, FL 32304

JK
FL FLSL3555950
The Multifamily Advisors
Listed by The Multifamily Advisors
$695,000
38 days on market
Updated 38 days ago
Opportunity zone

FSU Student Housing Duplex (Walk to Campus)

Details
APN 2135750030010
Property Type Multifamily
Sub Type Student Housing, Apartment Building
Square Footage 3,280
Units 2
Beds 8
Cap Rate 6.83%
NOI $47,447
Tenancy Multi
Class B
Year Built 2012
Buildings 1
Stories 2
Acreage 0.100

Multifamily | 2 Units

Marketing description

Duplex investment opportunity just steps from Florida State University! This well-maintained 2012-built duplex at 803 W Georgia Street offers two spacious 4BR/4BA units, each approximately 1,640 SF, making it a premier student housing asset in one of Tallahassee's most sought-after rental corridors. Both units are fully occupied with annual leases in place through 2026 and 2027, providing immediate and stable cash flow from day one. Both units are currently rented at $2,000/month, and increase to $2,600/month this July. Perfectly positioned within walking distance to FSU's main campus, and less than 2 miles from both Doak Campbell Stadium and the Florida State Capitol, this property sits in the heart of a high-demand rental market with consistently strong occupancy. Each unit features granite countertops, stainless steel appliances, in-unit washer/dryer, and a thoughtful 2-story layout ideal for student co-living. Tenants pay all utilities. With 3,280 total square feet of living space, this turnkey duplex checks every box and delivers location, quality, and cash flow in one compelling package. Don't miss this rare near-campus gem!

Investment highlights

  • 2 Units
  • All 4 BR/4 BA
  • 3,280 SF +/- (1,640 SF each)
  • Built 2012
  • Parking Driveways/Streets
  • Washer/Dryer Provided by Seller
  • Tenant Pays All utilities
  • Walking distance to Florida State University
  • Less than 2 miles to Doak S. Campbell Stadium
  • Less than 2 miles to the Capitol Building

Listing Contacts

JK
FL FLSL3555950
The Multifamily Advisors
Listed by The Multifamily Advisors

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$47,447.44
$3,953.95/mo

Valuation Metrics

0
DSCR
6.83%
Cap Rate
6.83%
ROI

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Additional Information

Name
Joe Klenck
License
FLSL3555950
Brokerage
BRG Realty Ventures
Brokerage Phone
3528718324
Title
Real Estate Sales Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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