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About This Home

This 0-bedroom, 0-bathroom residential multi family at 643 Kissimmee Street in Tallahassee, FL is listed for $1,998,000. on a 0.37 acres lot.

Agent Description

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.

Key Features

  • 0.37 acre lot
  • 16 parking spaces

Property Details

16 spaces
#1-8

Amenities

A/C

Monthly Cost Estimate

$10,686/mo

20% down · 6.5% · 30 years

Principal$1,445
Interest$8,658
Insurance$583

Estimates only. Actual payments may vary.

Location

643 Kissimmee Street

Tallahassee, FL 32310

NORMAL SCHOOL

Property Details

Flooring

Concrete

Construction

Block Concrete

Heating

Central

Cooling

Ceiling Fan(s)Central Air

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 643 Kissimmee Street is listed at $1,998,000. The estimated monthly payment is $8,658 based on 20% down at 6.5% interest.

Key features include: 0.37 acre lot, 16 parking spaces.

This property is listed by Dalton Arroyo and can be reached at 8134602324 or info@vacantsolutions.com.

DA

Dalton Arroyo

Agent at Vacant Solutions LLC

(813) 460-2324

Listed by Vacant Solutions LLC

MLS# 400012· Source: listhub· Updated 16 days ago

Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

643 Kissimmee Street, Tallahassee, FL 32310

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