1606 Bellevue Way Tallahassee, FL 32304

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.