1. Florida
2. Tallahassee
3. 612-696 Ridge Road 612-696

612-696 Ridge Road 612-696, Tallahassee, FL 32305

Property Description

BIDDING HAS BEGUN! Presenting an unparalleled opportunity to acquire a 20-property portfolio in one of Tallahassee’s most dynamic and rapidly expanding neighborhoods. These exceptionally well-maintained single-family homes, ranging from 1,200 to 1,500 sq. ft., feature 3-bedroom layouts, some with garages, and all with private rear yards. With newer roofs and fully leased units, these properties offer immediate cash flow and extraordinary potential for long-term growth, making this portfolio an ideal investment for any serious real estate investor. Strategically located near Florida A&M University (FAMU), Florida State University (FSU), Tallahassee Community College (TCC), and Railroad Square, this portfolio is ideally situated to benefit from the city’s ongoing expansion. The area also enjoys substantial public investments in infrastructure, including the development of a new intermodal bus station and major road improvements, which are significantly enhancing connectivity and access. Additionally, state offices, the Florida State Capitol, and the Florida State Fairgrounds are just minutes away, reinforcing the area’s residential and commercial appeal. With rents currently below Section 8 rental limits, there is an immediate value-add opportunity to adjust rents in line with the newly updated Section 8 market rates, maximizing returns without requiring significant capital improvements; potentially resulting in a 9% or higher CAP RATE. This offers investors the chance to quickly increase income from the properties with minimal effort. This portfolio is a rare gem, offering prime location, exceptional property quality, and significant growth potential. With fully leased units, immediate income, and a market poised for long-term appreciation, this is truly a once-in-a-lifetime opportunity. Opportunities like this are few and far between – act quickly to secure your place in Tallahassee’s next real estate boom. **Projections of 9% CAP RATE reflect anticipated rental income at updated Section 8 rates, with the rent adjustments yet to be implemented to reach full market value!!!**

Listing Status:

Active

Date Added:

March 24, 2025 at 05:00AM

Listing Office:

EXP Realty, LLC : 888-883-8509

MLS ID:

383578

Interior

• A/C: Central Air
• Heating: CentralIndividual

Exterior

Construction

Location

Lot

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Financial

This listing courtesy of EXP Realty, LLC