Multi-Family•Low-Rise/Garden•For Sale

Hancock Place

1339 Hancock Street, Tallahassee, Florida 32304

Sale Price $4,175,000
Sale Type Investment
Year Built 2011
Stories 2
Cap Rate 6.67%
Vacancy 100%
Annual Taxes $34,681.00
Gross Bldg 21,084 SqFt
Land Area 1 Acres
Ceiling Height 9.0 Ft
Project Size 14
Net Op Inc $278,451.24
Hancock Place is a luxurious boutique sized townhome community that is gated and located less than one block north of Florida State University. This stylish 14 unit (42 beds) student housing community was built in 2011 with superior upscale level finishes, such as granite counter tops, wood cabinets, stainless steel appliances, crown molding, trey ceilings, hardwood and ceramic tile floors, walk-in closets, tile showers and much more. These spacious 3 bedroom and 3 bath townhome style units are very well maintained, and have an excellent rental and occupancy history. Potential to increase income by providing more furnished units. Located less than a block north of Florida State University.
  • Excellent Stabilized Asset & Investment
  • Premier Location - Tier 1 Market
  • Luxury Student Living at its Finest
  • Excellent Rental & Occupancy History
  • Steps Away From Florida State University
  • 2011 Construction - Upscale Level Finishes
  • Private Bedroom & Bathroom Parity
  • Gated Community with Ample Parking
12/13/2019 4:49:13 PM 1/17/2020 9:42:49 PM

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