612-696 Ridge Road, Tallahassee, FL 32305
Back to Website: 20sfh.com
Photo Gallery
Click on a thumbnail to enlarge the image.
Features
- 20 Single-Family Homes – 100% Occupied
- Projected NOI: $341,577.52 ! Cap Rate: 9.7%
- Below-Market Rents with Upside Potential
- Close to State Capitol, Railroad Square, & Cascades Park
- Easy Access to Capital Circle & Tallahassee International Airport
Remarks
20-Home Single-Family Rental Portfolio – Tallahassee, FL
BIDDING OPEN – Minimum Bid: $3,100,000 - BIDS DUE 04/30/2025
This exclusive portfolio features 20 fully leased single-family homes, each offering 3-bedroom layouts ranging from 1,200 to 1,500 sq. ft. With private rear yards, some with garages, and newer roofs, these properties provide low-maintenance ownership and steady rental income.
Prime Location & Strong Tenant Demand
Located near FAMU, FSU, and TCC, these homes attract a diverse tenant base of students, faculty, and professionals. The surrounding area benefits from major city investments, including infrastructure improvements and new housing developments, enhancing long-term value.
Key Investment Highlights
- 20 Single-Family Homes – 100% Occupied
- Projected NOI: $341,577.52
- Cap Rate: 9.7%
- Below-Market Rents with Upside Potential
- Close to State Capitol, Railroad Square, & Cascades Park
- Easy Access to Capital Circle & Tallahassee International Airport
With below-market rents and rising rental demand, this portfolio presents a high-growth opportunity for investors seeking long-term appreciation and immediate cash flow.
