1509 Mayhew St

Current occupancy of 100% and average effective rents of $1,387 per unit demonstrate the portfolio's in-place performance and the renter demand depth across each submarket.

We are pleased to present the exclusive offering of this Tallahassee 13-House Portfolio, a 13-unit multifamily asset totaling 17,061 square feet at Tallahassee, FL. The community benefits from strong occupancy, a desirable unit mix, and a location that consistently attracts quality residents.

This Fully Leased portfolio of 13 Single-Family Houses in the heart of Tallahassee provides an investor with the opportunity to own a total of 49 bedrooms within 1 mile of Florida State University, 2 miles to Florida A&M University, and under 3 miles to Tallahassee State College.

Currently, half of the properties are rented to students while the remaining properties are rented by families.

Higher rental income could be achieved by taking advantage of the growing student population and demand for student housing in such close proximity to these 3 major institutions.

Possibly the greatest long term value factor for these properties is the ability to build multi-story, multi-unit buildings on each parcel.

Each lot is approximately 1/4 of an acre, providing ample room for a larger multi-story, multi-unit building along with more than sufficient parking space. This has been done on other similar parcels located nearby these properties to maximize value and cash flow for each property.

Tallahassee, as the state capital, provides a diverse and stable economy driven by education, government, and healthcare. The city continues to see steady population growth and increasing student enrollment numbers, combined with a shortage of student-focused inventory in high-demand areas close to the universities/colleges.

Thereby, creating a compelling long-term hold investment option with continued appreciation and cash flow upside.