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Tallahassee Boutique Multifamily Asset

643 Kissimmee Street Unit 18 Tallahassee, FL 32310

643 Kissimmee Street Unit 18, Tallahassee, FL, 32310
$1,998,000
For Sale
$1,998,000

Fully renovated 8-unit multifamily property near universities.

Property Size5,800 SF
Price / SF$344.48
Days on Market105

Property Features for 643 Kissimmee Street Unit 18

General Information

Standard status
Active
Size
5,800 SF
Property subtype
Commercial Sale / Multi Family
Listing Agency Vacant Solutions LLC
Listed by Dalton Arroyo · License #3602076
Source Compass
Added: Apr 4 Checked: Jul 16 at 3:28 am

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vacant Solutions LLC


Investment Insights

Based on property information with market context.

Located at 643 Kissimmee Street in Tallahassee, Florida, this is a fully renovated 8-unit boutique multifamily asset. The property has undergone a down-to-the-studs renovation, presenting zero deferred maintenance and no projected near-term capital expenditures. Each of the 8 fully furnished units includes 2 bedrooms and 1 bath, featuring modern finishes such as quartz countertops, stainless steel appliances, LVP flooring, in-unit washer/dryers, and individually metered utilities. The property also features a brand-new low-slope roof, HVAC, plumbing, and electrical systems. Positioned in Tallahassee's high-velocity university corridor, the property offers proximity to Florida A&M University, Florida State University, CollegeTown, Railroad Square, and Downtown Tallahassee. The property is currently undergoing lease up, with projected rents of $1,595 per unit supporting a projected annual gross scheduled rent of approximately $153,120 at full stabilization. The property contains 5,800 square feet.

Key Highlights

  • Fully renovated 8‑unit multifamily property with zero deferred maintenance.
  • Each unit is fully furnished with 2 bedrooms, 1 bath, modern finishes, quartz countertops, stainless steel appliances, LVP flooring, and in‑unit washer/dryers.
  • Located in Tallahassee's high‑velocity university corridor, near Florida A&M University, Florida State University, CollegeTown, Railroad Square, and Downtown Tallahassee.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Electrical Service (Bike/Boat/Book/etc) Store HVAC Service Veterinary Clinic Plumbing Service (Bike/Boat/Book/etc) Store Pet Grooming Service Florist Tanning Salon

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Fully renovated 8-unit multifamily property near universities.
Where is this apartment building located?
The property is located at 643 Kissimmee Street Unit 18 Tallahassee, FL.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: Fully renovated 8‑unit multifamily property with zero deferred maintenance.; Each unit is fully furnished with **2 bedrooms, 1 bath**, modern finishes, **quartz countertops**, stainless steel appliances, LVP flooring, and in‑unit washer/dryers.; Located in Tallahassee's high‑velocity university corridor, near Florida A&M University, Florida State University, CollegeTown, Railroad Square, and Downtown Tallahassee.
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