1606 Bellevue WayTallahassee, FL 32304

Property Details for 1606 Bellevue Way

Year built

2001

Lot size

1.98 AC

Property size (Sq ft)

32,406 SF

Property type

Hospitality properties

Property subtype

Multifamily properties

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.

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.438

Longitude

-84.3082

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