About this property

643 Kissimmee Street | 8-Unit Boutique Multifamily | Tallahassee, FL Vacant Solutions is proud to present Ashoka, a fully renovated 8-unit boutique multifamily asset located at 643 Kissimmee Street in Tallahassee, Florida. This is a true down-to-the-studs renovation with zero deferred maintenance and no projected near-term capital expenditures – ideal for a passive, long-term hold. Each of the 8 fully furnished units features 2 bedrooms and 1 bath with modern finishes including quartz countertops, stainless steel appliances, LVP flooring, in-unit washer/dryers, and individually metered utilities. The property also features brand-new: low-slope roof, HVAC, plumbing, electrical systems and more. Positioned in Tallahassee's high-velocity university corridor, Ashoka offers unmatched proximity to Florida A&M University, Florida State University, CollegeTown, Railroad Square, and Downtown Tallahassee – premier drivers of consistent residential rental demand. Currently undergoing lease up; projected rents of $1,595/unit support a projected annual gross scheduled rent of approximately $153,120 at full stabilization. An ideal acquisition for 1031 exchange buyers or private portfolios seeking turnkey, optimized yield in a premier student housing market. Offering Memorandum and digital media package available upon request. All financial projections, rents, expenses, and operating assumptions are subject to buyer verification and due diligence.