1606 Bellevue Way Tallahassee, FL 32304
- Dormitories
- 32,406 SF
- 1.98 lot acres
Current Use by Public Records
- Dormitories
Property Details for 1606 Bellevue Way
- Year built
- 2001
- Lot size
- 1.98 lot acres
- Property size
- 32,406 SF
- Property type
- Dormitories
- Property subtype
- Student housing
Description
Exceptional investment opportunity awaits with Ashburn Hills, a 21-unit student housing complex ideally situated near Florida State University in Tallahassee, Florida. This value-add property boasts 32,406 square feet across four buildings (three multifamily, one single-family home), offering 21 desirable three-bedroom, three-bathroom townhome units. Each unit features the convenience of front-door parking. Built in 2001, the property sits on a 1.98-acre lot and is zoned University Transition, presenting significant potential for growth within this thriving student market. The single-family home, located at 1610 Belle Vue Way (separate parcel ID), adds to the overall value. The property's asking price is $5,500,000, translating to $169.72 per square foot and $261,904.76 per unit. 2024 property taxes are $5,896. This well-positioned property represents a rare chance to acquire a strong foothold in a high-demand market. Don't miss this chance to capitalize on the potential of this established student housing complex.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.3082
- Latitude
- 30.438
