04/21/2026
Prime Value-Add Investment in Tallahassee, FL
Secure a high-yield student housing asset with Capital Luxury, a unique portfolio of 123 individually parceled condominiums. Featuring a 7.15% Cap Rate and a 68.7% ownership ratio, this property offers immediate board control and a strategic foothold in a major university market.
Investment Highlights:
π° Asking Price: $15,499,900 ($116/SF)
π Location: Tallahassee, FL β Minutes from the Capitol Complex
π Strategic Proximity: Immediate access to FSU, FAMU, and TSC
π Upside Potential: Ability to add 316 student beds via unit mix optimization
π’ Control: Bulk owner retains control of common areas, clubhouse, and the HOA board
ποΈ Unit Mix: (88) 3/3, (17) 2/2, and (18) 1/1 units
Major repositioning efforts are already complete, and with no tenant approval process required, this portfolio is primed for streamlined operations and long-term growth.
π Access the full Offering Memorandum here: https://property.creop.com/44195